LW Global Chapter 13 Questions Company Law: Directors and Officers
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Hello,
Great thanks for your lectures!
I would like to clarify whether the Secretary is still required in private companies and what is the correct answer to the last question.
in question 2*.
Is there by chance a word or two missing for the answer “A public limited company”? I ask this because i do not know how to interpret that as an appropriate qualification of a secretary of a public company. If you can please help.
According to statute, a public company must have an appropriately qualified ‘person’ as a company secretary and, included within the listing of ‘appropriately qualified persons’, you will find that a(nother) public company is appropriately qualified
So, when you are looking at the officers of Alpha Beta PLC, you could find that Gamma PLC is the company secretary of Alpha Beta PLC
Furthermore, included amongst the directors of Alpha Beta PLC you could find Delta PLC and Epsilon PLC!
OK?
Hint! The options in the answer actually lead you to the correct choice (even though you didn’t realise about PLCs being appropriately qualified)
IF any of the three options (1 – foreign qualified, 2 – anyone believed by the directors to be capable and 3 – a plc) had been the correct one to choose, then option 4 (all of the above) could not also have been correct
OK?