This Practice Note summarises the traditional fiduciary duties of company directors, including the duty to act in the best interests of the company,...
This Practice Note provides an overview of the agreement for the sale and purchase of shares in a private limited company (target): the share purchase...
Coronavirus (COVID-19) IMPACT: Certain filing and registration deadlines are extended by temporary measures introduced to mitigate the consequences of...
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact...
What is an intention to float announcement?An intention to float announcements (ITF) is generally the first announcement to the public by an issuer of...
This Practice Note provides an overview of the purpose, content and scope of a comfort letter prepared by the auditors of a company preparing to offer...
The agreement of the members of a company is required to make certain changes to a company, such as amending its constitution, name or share capital,...
The principle definedCompany decisions are made by way of resolutions of the shareholders. There are three ways in which a resolution of a company may...
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of...
What is a B share scheme and why is it used?A B share scheme is one method used by UK companies to return excess capital to shareholders. It is used...
Dividends are the most common type of distribution made by a company.A distribution made by a company will be unlawful if it does not comply with the...
A shareholder's dividend may be paid to a third party if appropriate arrangements are put in place.Payment of a dividend to a third partyThe usual way...
A dividend is a type of distribution made by a company to its members. A company has an implied power to distribute its profits to its members, unless...
If a private company pays an unlawful dividend, ie a dividend in breach of the requirements set out in Part 23 of the Companies Act 2006 (CA 2006) or...
Any dividend or other distribution of a company is subject to corporation tax unless that distribution is exempt.There are two sets of exemptions for...
A dividend is a type of distribution made by a company to its members. The Companies Act 2006 (CA 2006) governs how a company may make distributions...
This guidance, dated March 2014, produced by The Chartered Governance Institute (formerly known as ICSA: The Governance Institute) (CGI), provides new...
Market Tracker’s trend report, Dividends 2018—Market Tracker Trend Report, looks at market practice for the payment of dividends across the FTSE 350....
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, the London Stock Exchange released a notice to give companies guidance on the...
A dividend is a type of distribution made by a company to its members. n relation to the law and practice relating to distributions made by a company,...
The law and practice relating to distributions made by a company, as it applies to all types of company, is set out in this Practice Note.A dividend...
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