LPC Law Notes Business Law and Practice Notes
A collection of the best LPC BLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short these are what we believe to be the strongest set of Business Law and Practice notes available in the UK this year. This collection of notes is fully upda...
The following is a more accessible plain text extract of the PDF sample above, taken from our Business Law and Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
OUTCOME 1: Procedural Steps to Allot Ordinary and Preference Shares
STEP 1: Are there Constitutional Restrictions? (i.e. Art of the Company)p.191 (statutory provisions are in place to protect existing s’holders from dilution of their rights by issues of shares to 3rd parties) | |||||||||||||
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Incorporated before 01/10/2009 (“old”)
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STEP 2: Do the Directors have Authority to Allot? | |||||||||||||
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STEP 3: Are there any Statutory Pre-Emption Rights? (SPER) s.560-s.577 CA 2006p.193 | |||||||||||||
“SPER”: where an allotment of new shares it must be offered to existing shareholders first in proportion to their existing holdings (offer remains open for 14 days) If the allotment is to the existing S’holders of the Co in the proportion of their existing holdings, the statutory rights apply and therefore no need to disapply but follow 14 day rule. If allotment is to a 3rd party then first offer to S’holder and if they don’t want them then the shares are offered to the 3rd parties on same terms(price) as to the S’holders(s.561) and follow a), b) or c):
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PROCEDUREp.194 | |||||||||||||
Board Meeting 1 | |||||||||||||
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General Meeting: Notice | |||||||||||||
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Buy the full version of these notes or essay plans and more in our Business Law and Practice Notes.
A collection of the best LPC BLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short these are what we believe to be the strongest set of Business Law and Practice notes available in the UK this year. This collection of notes is fully upda...
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