Accountants advising private companies will benefit from this review of the Duomatic Principle – the principle in the Duomatic case that says members of a company who would have been entitled to vote on a decision at a shareholders’ general meeting can informally, unanimously agree that decision, and that’s as valid as if it had been made at a meeting. But the Duomatic Principle isn’t as simple as it sounds – there are conditions and exceptions, and the principle has evolved in some surprising ways in recent cases, that can catch clients – and their advisers – out. This session will help practitioners advise their clients when the Duomatic Principle can rescue them from the consequences of a failure to hold a shareholders’ meeting or to observe company law formalities – and when it can’t.
In this session David Impey covers the following topics:
David Impey
