97 The Statutory Contract Under The Companies Act 2006

BUSINESSES vol 4(2) start-up, sale and purchase

97 The statutory contract under the Companies Act 2006

| Commentary

4: LIMITED LIABILITY COMPANIES

(a) Relationship between the shareholders’ agreement and the companies’ regime

97 The statutory contract under the Companies Act 2006

Both a general partnership and a limited liability partnership benefit from operating against the background of a default code contained in legislation¹. One of the most advantageous

View the latest version of this document, as well as thousands of others like it, sign in to ��Ƶ or register for a free trial

View full volume

(1) START-UP

98 Changing the statutory contract

99.1 The parties’ expectations

99.2 Decision making

100.1 Invalid amendments

100.2 Other limitations on amending the articles

101.1 Russell v Northern Bank

101.2 Impact on the drafting of a shareholders’ agreement

102 The need for consistency between the articles and the shareholders’ agreement

103 Ensuring consistency between the shareholders’ agreement and any subsidiary agreements

104 Summary of preliminary drafting points

105 Customising a shelf company

106 Initial capital

107 Further finance from the company’s shareholders

108 Further finance from outside the shareholders

109.1 The desirability of a distribution policy

109.2 Default provisions in the shareholders’ agreement

110 The need for restrictions on board and shareholders’ decisions

111.1 Restrictions which should be accepted by the shareholders alone

111.2 General running of the business

111.3 Financial policy

��Ƶ

97 The statutory contract under the Companies Act 2006

97 The statutory contract under the Companies Act 2006

4: LIMITED LIABILITY COMPANIES

(a) Relationship between the shareholders’ agreement and the companies’ regime

97 The statutory contract under the Companies Act 2006

4: LIMITED LIABILITY COMPANIES

(a) Relationship between the shareholders’ agreement and the companies’ regime

97 The statutory contract under the Companies Act 2006

Continue reading

(1) START-UP

98 Changing the statutory contract

99.1 The parties’ expectations

99.2 Decision making

100.1 Invalid amendments

100.2 Other limitations on amending the articles

101.1 Russell v Northern Bank

101.2 Impact on the drafting of a shareholders’ agreement

102 The need for consistency between the articles and the shareholders’ agreement

103 Ensuring consistency between the shareholders’ agreement and any subsidiary agreements

104 Summary of preliminary drafting points

105 Customising a shelf company

106 Initial capital

107 Further finance from the company’s shareholders

108 Further finance from outside the shareholders

109.1 The desirability of a distribution policy

109.2 Default provisions in the shareholders’ agreement

110 The need for restrictions on board and shareholders’ decisions

111.1 Restrictions which should be accepted by the shareholders alone

111.2 General running of the business

111.3 Financial policy

Call us on

Popular Links

HELP & SUPPORT

LEGAL SOLUTIONS

Policies

97 The statutory contract under the Companies Act 2006

97 The statutory contract under the Companies Act 2006

4: LIMITED LIABILITY COMPANIES

(a) Relationship between the shareholders’ agreement and the companies’ regime

97 The statutory contract under the Companies Act 2006

4: LIMITED LIABILITY COMPANIES

(a) Relationship between the shareholders’ agreement and the companies’ regime

97 The statutory contract under the Companies Act 2006

Continue reading

Related documents:

Call us on

Popular Links

HELP & SUPPORT

LEGAL SOLUTIONS

Policies