Company Law Problem Question

The registrar essential register the documents delivered to him under on acquire and only upon the registration of those documents will the resoution take effect . The family must also deliver to the registrar within 15 age after the resolution is passed , a statement by the film directors support that the solvency statement was made not more than 15 long term before the date on which the resolution was passed , and provided to members in conformism with section 642 (2 ) or (3 dent 645 provides for the reduction of working capital by means of and through confirmation by the apostrophize . After career of a resolution , the comp each may may collapse to the court for an confirming the reduction .

Section 646 applies if the proposed reduction of capital involves all diminution of liability in respect of non-paying function capital , or the payment to a shareholder of whatever paid-up share capita , unless the court directs otherwiseWhether there nurse been any breaches of directors dutiesEdward , Pip and Agatha breached their trade of avoiding conflict of use up as regards the exploitaion of any property , information or fortune of which they became aware at a time when they were directors of Magic Atom . They breached this obligation when they diverted important contracts from Magic Atom to Energy applied science contempt their having retired as directors from Magic Atom Section one hundred seventy (2 (a ) of the Companies propel of 2006 provides that a person who ceases to be a director continues to be subject to the duty of a dir! ector in Section 175 which is the duty to avoid conflict of fill as regards the exploitation of any property , information or opportunity of which he became aware at a time when he was a director This provision of law distinctly states that the duty of a director to avoid conflict of interest as regards...If you want to get a full essay, line of battle it on our website: OrderEssay.net

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