Tax and Business

Types of security summaryIf your company is entering into financing arrangements, use our summary of the various types of security to help you navigate the documents and discussions. Types of debtThere are various types of debt that a company may nee... Read more

Using pre-signed signature clausesWhat if you have an important contract to enter into, but one of your signatories cannot make the completion meeting? Pre-signed signature clauses can be used in some cases, with caution. Absent signatoriesIdeally, a... Read more

Register of PSCsAll companies must keep a register of people who have significant control over them. Our model sets out what needs to be included and when.What is a PSC?Every company must keep a register of people with "significant control" over them, ... Read more

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

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