The Data Protection Commissioner recently published a guide “Considerations Relating to Multi-Unit Developments and Owners’ Management Companies.” This guidance sets out general advice on common data protection issues that may arise in the course of interaction between:- Owners’ Management Companies (“OMCs”) and their members OMCs, OMC members, and a property management agent OMCs and third
The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 was commenced on 21st August 2020 and it introduces temporary measures to assist companies and Industrial and Provident Societies (“IPS”) deal with issues due to the impact of COVID-19. One of the key provisions is the ability to hold members and creditor meetings electronically. Interim Period The new
The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the “Act”) introduced temporary provisions to facilitate the holding of members and creditor meetings electronically. The following new provisions will only apply during the interim period which lasts until 31 December 2020 unless the period is extended:- General Meetings during the Interim Period The new provisions apply notwithstanding
The ODCE issued a guidance document “COVID-19 and the insolvency-related functions of the ODCE” providing some helpful and welcome guidance to directors of companies impacted by the COVID-19 pandemic. Directors of companies that go into liquidation face restriction proceedings unless they can demonstrate that they have acted “honestly and responsibly”. Only a small minority of
ICSA: The Governance Institute have published a guidance note on the electronic signatures and what companies and directors should consider when they are required to sign documentation on behalf of the company. The guidance note gives practical guidance on electronic signatures including: • Execution of Documents Electronically • Signing under the company seal • Minutes
Are you a new start up or setting up a new company? If so setting up a company is the first and important step. Getting the company set up quickly but more importantly correctly will ensure you are on the right step to running your new business. We are experienced chartered secretaries and have all
The proper purpose of minutes is to provide a formal, long-term internal record of board meetings for the benefit of an organisation rather than for any third party. Minute taking is an art form and there is now more guidance on the importance of minutes and governance guidance on taking minutes such as the ICSA Guidance.
At some stage, most professional advisors will be required to take minutes of a meeting, be it a management meeting, client meeting or a formal board or members meeting. It is often seen as a chore and what should be recorded differs from one set of minutes to another. The ICSA: The Governance Institute have
The rules regarding holding directors meetings and how they meet are provided for in Section 157 to 167 of Companies Act 2014. These provisions may be amended in the constitution of the company. Some of the main directors meetings default provisions are set out below as a guide however before any meeting is convened the
We are due to hold an EGM to amend our constitution. What is the difference between an ordinary and special resolution? Resolutions are decision taken by the members and directors and must be passed in accordance with the constitution and the Companies Act 2014. The Act defines both ordinary and special resolutions of members (shareholders)