An increase, reduction, or any other change in the share capital of a company. Alteration of share capital includes processes like consolidation, subdivision, and cancellation of unissued shares.
The Articles of Association is a legal document that defines a company's regulations, governance, and the rights, duties, and responsibilities of its members (shareholders) and directors.
Detailed process and requirements for forming a company in the UK, including the necessary documents to be submitted to the Registrar of Companies.
An essential official document required to submit to the Registrar of Companies for the formation of a new company, highlighting initial details like company type and authorized share capital.
The Objects Clause was a part of a company's articles of association outlining the purposes for which the company was established, but this requirement was removed by the Companies Act 2006.
A binding decision made by the members of a company, either via voting at a general meeting or by unanimous informal consent, as recognized under UK company law and stipulated in the Companies Act or company articles.
Under the Articles of Association of most UK companies, one-third of the directors must retire each year, ensuring that each director steps down every three years. This allows retiring directors the opportunity to be re-elected, fostering continuity and fresh perspectives.
Voting shares are shares in a company that give the shareholder the right to vote at the company's general and extraordinary meetings, typically associated with ordinary shares.
Under the Companies Act 2006, a written resolution is signed by a majority of company members and treated as effective even though it is not passed at a properly convened company meeting.
