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ACCA Applied Skills · Corporate and Business Law (Global) · Company meetings and resolutions

Brightway Ltd passed a special resolution to change its name. Which action is generally required after passing it?

A copy of the special resolution must be filed with the company registrar within the statutory time limit. This gives public notice of the change. Newspaper publication or bank approval is not a legal requirement for this.

  1. ANo action is needed because the resolution takes effect internally only
  2. BA copy of the resolution must be filed with the company registrar within the statutory periodCorrect
  3. CThe resolution must be published in a national newspaper
  4. DThe resolution must be approved by the company's bank

Explanation

Special resolutions, including those to change the name or alter the articles, must be filed with the registrar, typically within 15 days in the common model tested. Newspaper publication and bank approval are not required.

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