Tax and Business

Redemption or purchase of a company's own shares summaryThere are two situations in which a company can acquire an interest in its own shares. Our summary explains when they arise and the procedures that need to be followed. Exception to the ruleGener... Read more

Reduction of share capital summaryIf a company needs to reduce its share capital, it must follow one of two procedures. Use our summary to guide you through the process.Exception to the ruleA company's share capital can only be reduced in certain circ... Read more

Alterations to share capital summaryAlterations to a company's share capital that do not affect the number of shares in issue are relatively straightforward. Our summary explains why these changes might be necessary and how to carry them out.Consolida... Read more

Inspection and copying of company recordsShareholders and others have the right to inspect and obtain copies of many of the registers and records kept by a company. Our note summarises what records a company needs to keep and where, as well as who ca... Read more

Directors' personal guaranteesBanks often require a company's directors to personally guarantee their company's borrowings. They sometimes want security for the guarantee over a director's assets as well. ProtectionThere is legal protection in place to s... Read more

Non-statutory registersAs well as the various registers that companies have to keep by law, there are other registers of information that companies may find it useful to keep for their own records.Register of share applications and allotmentsThis rec... Read more

Model signature clausesIt is important, both for the company and the signatory, that contracts and other documents are signed properly. Our model sets out appropriate signature clauses for different situations.Is execution required?In most cases, the... Read more

Competition law summaryThe penalties for falling foul of competition law can be significant. Our summary gives you the facts, as well as tips on what to look out for. The prohibitionsCompetition law seeks to create a level playing field in business b... Read more