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Constitution

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Company Law Mind Map on Constitution, created by 40055097 on 09/12/2013.
40055097
Mind Map by 40055097, updated more than 1 year ago
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Created by 40055097 almost 11 years ago
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Resource summary

Constitution
  1. Name
    1. 'Plc'
      1. s58 (2)
      2. 'Ltd'
        1. s58(1)
        2. must be different
          1. s52
          2. Consent
            1. s54
            2. Change
              1. Special Resolution
                1. s77
                2. SoS can compel
                3. Phoenix trading
                  1. IA s 216,217
                    1. Re Bonus Breaks
                      1. Creditor Permission
                      2. Glasgow v Craig and Moccia
                        1. Personally liable
                      3. Passing Off
                        1. Wright, Layman and Umney v Wright
                          1. Allowed to use own name
                          2. Biba v Biba Boutique
                            1. No protection for nicknames
                            2. Aerators v Tollit
                              1. Cannot have exclusive use of word
                              2. Ewing v Buttercup Margarine
                                1. Could not use name
                                2. CA s 69-74
                                  1. Company names adjudicator
                              3. Members
                                1. On the company terms
                                  1. s33
                                  2. Must follow the articles
                                    1. Hickman v Sheepbreeders
                                      1. thick man
                                      2. Eley v Positive Government
                                        1. Sued for non employment
                                          1. only sue as a MEMBER
                                          2. Equitable Life v Hyman
                                            1. cannot get out of existing contracts
                                            2. Southern Foundries
                                              1. always managing director
                                                1. voted off board
                                                2. Bushell v Faith
                                                  1. Weighted voting
                                                3. Shareholders agreements
                                                  1. Snelling
                                                4. Objects Clause
                                                  1. States what a company will do
                                                    1. Don't exist much anymore
                                                      1. Charities regular
                                                      2. Ultra Vires rule
                                                        1. only carries out acts that the objects clause permits
                                                          1. German Date Coffee
                                                            1. Extreme example
                                                              1. Sweedish products used
                                                                1. ultra vires
                                                              2. European Comuntities Act
                                                                1. s9
                                                                  1. Companies bound by ultra vires acts
                                                                    1. to protect 3rd parties
                                                                2. Companies Act
                                                                  1. s39(1)
                                                                    1. Overiding statute
                                                                      1. company has to honour ultra vires acts
                                                                    2. s40(1)
                                                                      1. external policy
                                                                        1. Protection of 3rd parties
                                                                          1. good faith
                                                                        2. s40(4)
                                                                          1. internal policy
                                                                            1. member may obtain interdict
                                                                          2. s41
                                                                            1. Exceptions
                                                                              1. director has personal interest
                                                                                1. Unless
                                                                                  1. Indemnified company
                                                                                    1. Company affirmed act
                                                                                      1. 3rd party
                                                                                        1. subject gone
                                                                              2. Alteration
                                                                                1. Special Resolution
                                                                                  1. s21
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