Company Law 2 Essay Example | Topics and Well Written Essays - 3000 words

Company Law 2 - Essay Example5.Regulation 66 of parry A is revise by replacing but sh completely not be entitled to receive any wage from the company for his services as an alternate managing director with the following sentence An alternate director shall not be entitled to remuneration from the company for his services as an alternate director except that he may be paid by the company such part of the remuneration otherwise payable to his appointor as the appointor specifies by identity card to the company.6.Regulation 72 of Table A is amended by replacing the prototypic sentence with the following The directors may delegate any of their powers to a committee consisting of such persons as they calculate fit provided that a majority of the members of the committee are directors.7.Regulation 81 of Table A is amended by replacing paragraph (e) with he fails to attend three successive board meetings despite a notice being given to him prior to the third meeting that the provisi ons of this paragraph might impose and all the other directors (excluding the director concerned and, in his capacity as such, any alternate director institute by the director) resolve that his office should be vacated.(b)The 2006 annual general meeting of Vunce Ltd... s despite a notice being given to him prior to the third meeting that the provisions of this paragraph might apply and all the other directors (excluding the director concerned and, in his capacity as such, any alternate director appointed by the director) resolve that his office should be vacated.PROCEEDINGS OF DIRECTORS8.Regulation 89 of Table A is amended by adding after unless so fixed at any other number shall be two the words except when there is a sole director in which event he shall constitute a quorum.Please answer the following questions on the meaning and effect of the articles of association.(a)The directors wish to sign a unanimous written resolution instead of holding a board meeting. Which resolutio n, if any, allows them to do this This can be through via an ordinary resolution of a simple majority, which is fine because it is unanimous.(b)The 2006 annual general meeting of Vunce Ltd is due to cast down in the Islington Business Design Centre at 9.00 am, Monday 15 May 2006. After 33 proceeding there is still no quorum. The directors are prepared to follow the articles for arranging the adjourned meeting except that they possess decided that the meeting shall start at 10.30 am to allow for possible transport delays in the morning. aver the actual time, date and place of the adjourned meetingIslington Business Design Centre at 1030am Monday fifteenth May 2006(c)What is the quorum for general meetings according to the articles of associationThree persons entitled to vote on the business to be transacted, being a member or a proxy for a member or a duly authorized representative of a corporation, shall be a quorum.(d)Apart from members, who may attend and say at separate class meetingsThe persons entitled to attend and speak at general meetings