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.
The European Commission has launched a consultation seeking feedback on a draft delegated regulation revising the European Sustainability Reporting...
The European Commission has opened a four-week public consultation on a proposed draft delegated regulation establishing voluntary sustainability...
The European Securities and Markets Authority (ESMA) has published a call for evidence (CfE) presenting a data-driven analysis of the evolution of...
The Financial Reporting Council (FRC) has published its final revisions to ISA (UK) 240 on auditors’ responsibilities relating to fraud and ISA (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
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of 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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