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This is a highly practical nuts-and-bolts course for accountants, company secretaries and administrators involved in members’ meetings and other members’ decision-making processes in private limited companies, including informal, unanimous approvals and consents under the Duomatic principle. It will help them understand and apply the relevant Companies Act, case law and best practice rules and recommendations, and observe the articles and nay shareholder agreements, to ensure effective, lawful decisions, negotiating the various pitfalls and solving the tricky issues that can arise.

This course will help accountants understand:

• When, why and how members’ meetings are called, held and recorded
• When to use a statutory written resolution instead – the procedures, the pitfalls and their solutions
• The conditions required for the Duomatic principle to apply to validate company decisions/actions
• Avoiding the many surprises that can arise under company law statutes, legal rulings, articles and agreements, and custom
• Special situations and how to handle them

This course will help accountants help members of their company clients to make effective, lawful decisions by understanding and applying the necessary procedures and rules, identifying common problems and avoiding or solving them, and applying the sometimes surprising recent legal rulings where the Duomatic principle has been applied – or not – to avoid shareholder disputes and keep their clients out of the courts.

This session will interest accountants in general practice advising limited company clients, and those working in-house for limited companies.

Course Level: Need to Know