Course description
There are several circumstances where a company may have an untraceable shareholder and whilst it is more common for public companies, it can be an issue for private limited companies too.
If untraceable shareholders may be an issue for your company or clients, then this short webinar is for you.
Presenter Jackie Sheldon will discuss common provisions in the articles of association for both a plc and a private company limited by shares, along with Companies Act 2006 provisions for notice communications to untraceable shareholders. The option to buy back untraceable shareholder shares will also be explored, plus much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
There are several circumstances where a company may have an untraceable shareholder and whilst it is more common for public companies, it can be an issue for private limited companies too, often where a shareholder has passed away and the family are not aware they were a shareholder, or they have simply moved and failed to update their details.
Shares usually have several rights attached, including the right to receive dividends and the right to attend and vote at shareholder meetings. Failure for a company to follow the relevant procedures for paying dividends and calling and holding meetings can cause decisions to be challenged and actions for damages sought.
If untraceable shareholders may be an issue for your company or clients, then this short webinar is for you.
What You Will Learn
This webinar will cover the following:
- Common provisions in the articles of association:
- For a plc
- For a private company limited by shares (in relation to unclaimed dividends)
- Amendment of the articles of association for the future?
- Companies Act 2006 provisions for notice communications to untraceable shareholders
- Option to buyback untraceable shareholders shares (and how to deal with the requirement to pay for the shares on completion)
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...