Gain essential guidance and practical insights on corporate closures. From voluntary striking off to compulsory dissolution, discover effective strategies for managing company exits with robust compliance. Stay informed on company restoration procedures post-dissolution, including legal frameworks, application processes, and key compliance considerations. Equip your practice with expert resources and detailed, actionable advice tailored to handle both striking off and restoration processes seamlessly.
This week's edition of Corporate weekly highlights includes: the Investment Association's updated guidance on virtual AGM participation and...
The Investment Association (IA) has published updated guidance on virtual participation in annual general meetings (AGMs), favouring hybrid meetings...
The Institute of Chartered Accountants of Scotland (ICAS) has responded to HMRC consultation on modernising the taxation of company distributions and...
This week's edition of Corporate weekly highlights includes: the FCA's new sustainability disclosure requirements for listed issuers, applying UK...
Separate legal personality and the corporate veilCorporate legal personality—the Salomon principleA properly formed registered company is a separate...
A company’s constitutionWhat is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as...
Allotment and issue of shares—fundamentalsSTOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024, which...
Private companies limited by sharesThis Practice Note summarises the main features of a private company limited by shares. It also covers key...
Can a company return its share capital as part of the strike off and dissolution procedure? If not, are there any quick, cheap and simple ways of returning capital to shareholders before the strike off?It is not possible to combine a return of capital of a limited company to shareholders with the
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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