The day to day activities of a company are under the control of its directors therefore, entering commercial agreements is directors’ business and it does not generally require consent of approval of shareholders. A simple board resolution is generally all that is...
Companies require capital to enable them to undertake their activities. The most common way for companies to raise capital is by issuing shares to their shareholders. Before issuing new shares, some care needs to be taken as:- (i) There may be restrictions in the...
2006 Act companies are not legally required to prepare annual financial statements. However, most Registered Agents will insist upon it and the Assessor of Income Tax is increasingly asking for them so these days its pretty unusual not to. Step 1 – Ask the Accountant...
Technically under the 2006 Act, the registered office address can be determined by either the directors or the members. However, generally this type of operational decision would be considered directors’ business so the location is usually changed by way of a...
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