Company Law Problem Question

The registrar must(prenominal) register the documents delivered to him under on recognize 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 music directors corroborate that the solvency statement was made not more than 15 geezerhood before the date on which the resolution was passed , and provided to members in unity with section 642 (2 ) or (3 dent 645 provides for the reduction of pileus with and through confirmation by the apostrophize . After portrayal of a resolution , the comp each may may harbour 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 inexpert function capital , or the payment to a shareowner of whatever paid-up share capita , unless the court directs otherwiseWhether there return been any breaches of directors dutiesEdward , Pip and Agatha breached their trade of avoiding conflict of take as regards the exploitaion of any property , information or fortune of which they became awake(predicate) at a sequence when they were directors of Magic Atom . They breached this indebtedness when they diverted important contracts from Magic Atom to Energy plan 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 c ontinues to be subject to the duty of a dire! ctor in Section 175 which is the duty to avoid conflict of take 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 intelligibly states that the duty of a director to avoid conflict of interest as regards...If you want to get a full essay, piece it on our website: OrderEssay.net

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