Companies act

Group accounts

The requirements of the Companies Act regarding the preparation of group accounts are based on the company's size.

Read more »

Financial year

A company's financial year is determined by its accounting reference date in each calendar year.

Read more »

Accounting records

The Companies Act prescribes that every company must keep adequate accounting records

Read more »

Company secretary

A private company is not required to have a secretary, while a public company must have a secretary.

Read more »

Records of directors' meetings

The Companies Act requires a company to keep records of its director's meetings. The responsibility for these records rests with the company's Board of Directors.

Read more »

Directors' liabilities

Companies Act provisions protecting directors from liability

Read more »

Directors' service contracts

The company is required to keep directors' service contracts or any memorandum of terms at the company's registered office, or at any place specified under section 1136, as section 229 confers rights on members to inspect a request copies.

Read more »

Loans to directors

The Companies Act permits a company to make a loan to a director. A loan or guarantee must be approved by a resolution of the members of the company.

Read more »

Director's transactions requiring members approval

Where a service contract is, or maybe, longer than two years.

This is a complicated area of the Act and we recommend that advice be sought with regard to long term service contracts.

Read more »
Syndicate content