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| Authored by: Anonymous on Saturday, October 27 2012 @ 08:21 AM EDT |
So if the secretary resigns, who carries the legal responsibility until a new
one is
appointed? What is the penalty for a company being delinquent and not
appointing a secretary?[ Reply to This | Parent | # ]
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| Authored by: celtic_hackr on Saturday, October 27 2012 @ 11:02 AM EDT |
Cool! I just learned something new.
Thanks Wol! Well it will be interesting to see what happens next.
Will Samsung bring this to the court's attention? Will an arrest warrant be
issued for the Secretary? Will the Secretary resign on Monday?
Enquiring mind's want to know.
[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Saturday, October 27 2012 @ 01:36 PM EDT |
The Board of Directors of a UK company must contain a Company
Secretary. Above a
certain size (£5M?) this person must be professionally
qualified, as a
Secretary, Accountant or Lawyer - all three are qualifications
in law.
According to the accountancy course I'm currently doing,
only public companies (plc) are required to have a company secretary, private
ones (ltd) do not; and there can be more than one.
a plc company secretary
must possess formal qualifications, by being:
- a barrister
- a
solicitor
- a member of the four English accounting institutes
- a member
of the ICSA.
or by being a plc secretary for 3 of the last 5 years
(presumably to grant grand-daddy rights to those who were secretaries before the
instigation of the required formal qualifications).
Just to clarify, in the
UK a "lawyer" is someone who practices law BUT is not necessarily qualified;
only Solicitors and Barristers are qualified lawyers (according to a
barrister I know). Those companies offering no-win-no-fee injury claims probably
only have 1 qualified lawyer on their team of [mostly unqualified] lawyers! [ Reply to This | Parent | # ]
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