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    Anyone able to give me any information regarding the articles of association? Specifically members of a company challenging a loan that the company has accepted without any authority when it states they need to pass a special resolution beforehand.

    Cheers in advance
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    (Original post by LDB95)
    Anyone able to give me any information regarding the articles of association? Specifically members of a company challenging a loan that the company has accepted without any authority when it states they need to pass a special resolution beforehand.

    Cheers in advance
    You will also need to examine CA 2006, considering Directors' Duties; conflicts; substantial transactions etc.

    Look at the Model Articles in conjunction with those sections. If you are given any of the AA of the Company you are to consider, check to see if they have other provisions for this.

    Consider who will be liable for the loan if not approved in the correct way, and the sanctions for the director(s) and/or shareholders.
 
 
 
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Updated: August 24, 2016
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The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

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