Podcast Location:
Download it here [file size: 19.9 MB]
Categories:
Corporate & Commercial Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to explain to the listener the two ways in which a company’s share capital may be reduced under the Companies Act 2006. The podcast will start off by looking at the court-approved procedure which existed under the Companies Act 1985 and it will then consider the rationale for introducing the new solvency statement procedure and explain how this works in practice

Outcomes:
After completing the course you will:
  • Understand the court-approved procedure;
  • Know why the new solvency statement procedure was introduced;
  • Understand how the solvency statement procedure works in practice;
  • Appreciate how this new procedure compares to the court-approved procedure".
Level:
Beginner Difficulty: 1 of 5
Classification:
Introduction
Sources and References:
  • Companies Act 1985;
  • Companies Act 2006;
  • Second Council Directive (77/91/EC).

In this CPDcast Fiona Ball explains the procedures available to companies who wish to reduce their share capital under the Companies Act 2006. The new non-court based procedure (the solvency statement procedure) for companies limited by shares will be examined.

podcast added 11/06/2010

Podcast last reviewed: 2012-05-28

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