Section 161 1 of the companies act 2014

What is section 1(2)? Is section 1up to date? Supplemental provisions about meetings (including provision for acting by means of written resolutions) 161. It, however, does not restrict the person to become an Additional Director in another company in which no such resolution was introduced.

The legislative changes to the Companies Act were effected in two phases. APPOINTMENT OF ADDITIONAL DIRECTOR, ALTERNATE DIRECTOR AND NOMINEE DIRECTOR.

Notice of redenomination of Nominal Capital. PRELIMINARY AND GENERAL. Short title and commencement. Interpretation generally. Repeals and revocations. Savings and transitional provisions.

The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been hel whichever is earlier. Legislation is available in different. The two-phase approach was adopted for the implementation of the legislative amendments to the Companies Act , as some legislative amendments were directly linked to the registration and filing processes in ACRA’s online business filing and information portal (BizFile), which was undergoing a major revamp at that time.

Disapplication of Sections 1(7) and 1of the Act to Companies Limited by Guarantee (“CLG’s) 4. That the liability of the members is limited. The Board of Directors may appoint an additional director to the Board only if they have given power in articles of association. Financial assistance by the company for the acquisition its own shares Under section of the Act , it is unlawful for a company to give any financial assistance for the purchase of shares in the company or in the company’s holding company (if applicable). Further provisions regarding annual return and certificate to be annexed thereto. Central Government or a State Government, or any amount received from any other source whose repayment is guaranteed by the Central Government or a State Government, or any amount received from a local authority, or any amount received from a statutory authority.

ACTS SUPPLEMENT to The Uganda Gazette No. Printed by UPPC, Entebbe, by Order of the Government. ARRANGEMENT OF SECTIONS Section. Register of companies.

This section refers to companies availing of the audit exemption making a decision that the appointment of persons as statutory auditors should not be continued during whole or part of the financial year for which the exemption is being availed of. A written resolution under the act can be either a special or an ordinary resolution. Please refer to sections 1and 1of the act for further details. Unanimous written resolution ( section 193) A unanimous written resolution is one in writing, signed by all the members of a company that are, for the time being, entitled to attend and vote.

Now that this new law is in force, we are advising clients to consider the Act ’s impact on their future business and transactions. The Act consolidates and modernises Irish company law and is expected to make it easier for companies to do business in and through Ireland. Establishment of the Corporate Affairs Commission.

Membership of the Commission.

Remuneration and allowance. Proceedings of the Commission. Meaning of “holding company” and “subsidiary” 4. Previously, members of a private company limited by shares could only pass resolutions by way of unanimous written resolution, when the articles of association of the company permitted them to do so. Ministry of Corporate Affairs.

For the purpose of subsection (3), “related corporation” has the same meaning as in section 4( ) of the Companies Act. APPLICATION FOR REGISTRATION (AMENDMENT OF SECTION 13). The Principal Act is amended by inserting after Section the following new section : 13A.

A company shall keep at its registered office a signed.