Search results
Results From The WOW.Com Content Network
The Companies (Model Articles) Regulations 2008 (SI 2008/3229) are the default company constitution for limited companies under UK company law.The Model Articles will apply to a limited company if it does not register its own articles or, if it does register them, they will apply to the extent that they are not modified by the Articles of the company.
If a company is unable to pay its debts as they fall due, UK insolvency law requires an administrator to attempt a rescue of the company (if the company itself has the assets to pay for this). If rescue proves impossible, a company's life ends when its assets are liquidated, distributed to creditors and the company is struck off the register.
The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law. The act was brought into force in stages, with the final provision being commenced on 1 October 2009.
The Companies Act 1985 (c. 6) is an Act of the Parliament of the United Kingdom of Great Britain and Northern Ireland, enacted in 1985, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. It has largely been superseded by the Companies Act 2006.
Breckland Group Holdings Ltd v London & Suffolk Properties Ltd [1989] BCLC 100 is a UK company law case, concerning the right of a majority shareholder to litigate in the company's name. Facts [ edit ]
The Companies Act 1947 (10 & 11 Geo. 6. c. 47) was a United Kingdom Act of Parliament, that updated UK company law after the Companies Act 1929. It covered issues such as winding-up and bankruptcy. [1] It was soon recodified in the Companies Act 1948.
It is the creature, the puppet, of Littlewoods, in point of fact: and it should be so regarded in point of law. The basic fact here is that Littlewoods, through their wholly owned subsidiary, have acquired a capital asset — the freehold of Jubilee House: and they have acquired it by paying an extra £19,006 a year.
Most companies adopt limited liability for their members, seen in the suffix of "Ltd" or "plc".This means that if a company does go insolvent, unpaid creditors cannot (generally) seek contributions from the company's shareholders and employees, even if shareholders and employees profited handsomely before a company's fortunes declined or would bear primary responsibility for the losses under ...