The following Corporate Q&A provides comprehensive and up to date legal information covering:
Section 1029 of the Companies Act 2006 (CA 2006) deals with the restoration of a company to the company’s register by the court. The court will allow anyone appearing to have an interest in the restoration of a company to bring an application to restore a company by court order. Where the requirements of the Registrar have been met and the Treasury Solicitor (or solicitor for the Duchy of Cornwall or Duchy of Lancaster (as applicable)) gives his consent to the restoration, it may be possible to obtain the court order without holding a formal hearing.
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral
The right to notice means a right for the employee to remain in employment for the period of notice, not simply to be paid for it. An employer will therefore often include in the contract an express right to make a payment in lieu of notice ('PILON') as an alternative to giving notice, to ensure
Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
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