Answers from our Property Expert
Ask our Experts

What our customers are asking

What is a special resolution?

A Special resolution would be required for any change to the Company Memorandum and Articles of Association. Such motions must be passed by a 75% majority.

Read More

What is an Extraordinary Resolution?

An example of an Extraordinary resolution would be a resolution to wind up the Company.

Read More

What is an Elective Resolution?

An Elective Resolution would be required to change the activities of the Board. Typical resolutions include dispensing with AGMs, dispensing with the obligation to lay accounts before an AGM, Altering voting rules.

Read More

What is an annual return?

An annual return is the name used for Form 363 that is required to be submitted to Companies House annually to register the directors, company secretary and shareholders of the company on the anniversary of the date the company was created. This is a requirement for ...

Read More

When is an annual return required?

An annual return is required every year annually on the birthday of the company i.e. the anniversary of the date on which the company was incorporated.

Read More

What is an annual general meeting?

An annual general meeting AGM is a meeting that is required by the Companies Acts to present the accounts to the shareholders of the business, approve accounts, elect/re-elect directors, appoint and set the remuneration of the auditors. An AGM must be held within 15 ...

Read More

What is an extraordinary general meeting (EGM)

An EGM can conduct much the same business as an AGM and can be called at anytime

Read More

Do we have to hold AGMs?

It is possible to de-regulate a resident management company so that AGM's are not held. Even if the 1989 Companies Act de-regulation package is adopted any leaseholder can call an Extraordinary General Meeting EGM to discuss any business that would otherwise be discu...

Read More

How can we become exempt from a CT600 service estimate corporation tax return?

Since the Self-Assessment for tax legislation was brought in many resident management companies have suddenly been presented with corporation tax returns. Because an SMSU supported management company or right to manage company will generally be a non-profit making, n...

Read More

What is forfeiture?

Forfeiture is essentially an action to terminate a lease in accordance with the Landlord and Tenant Act 1954. Since February 2005 for residential properties it is a requirement to first seek sanction that the proposed act you intend to rely on to forfeit a lease is a...

Read More

6 of 17