ACCA LW · Chapter 10 · Question 8 of 13
Which of the following statements about the company secretary is correct under the Companies Act 2006?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) A public company must have a company secretary, but a private company is not required to have one unless its articles require it
Explanation
Section 270 removed the requirement for private companies to have a secretary, while s271 requires a public company to have one; s273 requires the directors of a public company to ensure the secretary has appropriate knowledge and experience, for example a recognised professional qualification. Following Panorama Developments v Fidelis Furnishing Fabrics, a secretary has apparent authority only for administrative contracts, such as hiring cars, not for trading contracts generally.
More Directors, company secretary and meetings MCQs
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