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Questions and Answers
Who can challenge a resolution breaching public order?
Who can challenge a resolution breaching public order?
- Only administrators and third parties with interest
- Any shareholder, administrator or third party (correct)
- Only shareholders who qualified as such prior to the resolution
- Only quotaholders with 1% of share capital
What is the deadline to challenge a voidable agreement?
What is the deadline to challenge a voidable agreement?
- Six months from the adoption of the resolution
- Five years from the recording of the agreement
- 40 calendar days from the adoption of the resolution (correct)
- One year from the adoption of the resolution
Who has passive legal standing in challenging a resolution?
Who has passive legal standing in challenging a resolution?
- Always the company (correct)
- Only the administrators of the company
- Only third parties with interest
- Only the shareholders with 1% of share capital
What is the purpose of a provisional caveat in the Companies House?
What is the purpose of a provisional caveat in the Companies House?
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When does the term commence for challenging a recordable agreement?
When does the term commence for challenging a recordable agreement?
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What is the percentage of share capital required for shareholders to support the resolution?
What is the percentage of share capital required for shareholders to support the resolution?
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Where should the challenge be brought?
Where should the challenge be brought?
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What is the term to challenge a null-and-void agreement contrary to the law?
What is the term to challenge a null-and-void agreement contrary to the law?
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When can the suspension of the challenged agreement be requested?
When can the suspension of the challenged agreement be requested?
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What is the procedure for challenging a resolution?
What is the procedure for challenging a resolution?
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