Articles of Association - New Considerations for Small Private Companies

Introduction

The Articles of Association form the internal rule book for private limited companies and as such, anyone who deals with or works with companies should have a solid understanding of how the Articles work.

This new short introductory level virtual classroom seminar will cover the key legal points necessary to be able to understand and use a private company's Articles, with a focus on the current issue surrounding sole directors who have unamended Model Articles introduced by a High Court decision in 2022, and subsequent clarifications.

If you are a solicitor, accountant, director, or company secretary new to advising companies, or advise companies governed by one director, then this session is for you.

What You Will Learn

This live and interactive session will cover the following:

• Fundamentals of company law:
• Memorandum of Association
• Articles of Association
• How the Companies Act 2006 and Articles operate together
• How to amend the Articles
• Contents of the Model Articles of Association for a private company limited by shares
• Current High Court case implications from Hashmi v Lorimer-Wing [2022] in relation to the Model Articles for single director companies
• Solutions for a sole director to address this issue
• Q and A

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.