T 1 Company law

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member of the company, owner of the company who has a part of shared capital
kezdjen tanulni
Shareholder
person from outside the company who is a quallified accountant and whose task is to inspect the financial records of a company
kezdjen tanulni
Auditor
person employed by a company to deal with all financial paperwork, person who deals with accounts (day-to-day finances of a company)
kezdjen tanulni
Accountant
person who lends money
kezdjen tanulni
Creditor
person who has borrowed money
kezdjen tanulni
debtor
list of goods or service which shows how much you have to pay for them
kezdjen tanulni
Invoice
to limit
kezdjen tanulni
to restrict
type of a company set up to carry out a task by 2 or more companies, each company remains independent from each other
kezdjen tanulni
joint venture
agreement under which a director is employeed
kezdjen tanulni
service agreement
situation when a company does not have enough money to pay its debts
kezdjen tanulni
Insolvency
situation when 2 companies join together to form one company
kezdjen tanulni
Merger
person who manages the business on day-to-day basis
kezdjen tanulni
Executive director
post qualification experience, shows what experience you have gained after graduation
kezdjen tanulni
PQE
to call
kezdjen tanulni
to convene
profits
kezdjen tanulni
Proceeds
minimum number of people who must be present at the meeting to make a decission
kezdjen tanulni
Quorum
a duty to be loyal and to act in the best intrest of a company
kezdjen tanulni
Fiduciary duty
enables an invalid to move
kezdjen tanulni
mobility equipment
record of a meeting
kezdjen tanulni
Minutes
to postpone
kezdjen tanulni
to adjourn
annual general meeting, meeting of all shareholders of a company which is convened regulary once a year
kezdjen tanulni
AGM
extraordinary general meeting, convened if it’s necessary for shareholders to meet again
kezdjen tanulni
EGM
method of voting by raising hands
kezdjen tanulni
vote by show off hands
method of voting by writing on a paper
kezdjen tanulni
Poll
when everybody votes in the same way
kezdjen tanulni
Unanimously
passed at a meeting when simple majority is needed (over 50%)
kezdjen tanulni
ordinary resolution
passed at a meeting when majority of 75% is needed
kezdjen tanulni
Special resolution
to sell assets
kezdjen tanulni
to raise assets
to sell companys assets to pay off its debts
kezdjen tanulni
to wind-up
situation when a court is asked to appoint administrator to restructurise the company
kezdjen tanulni
Administration
company is insolvent, liqiudator called a receiver to start proces of liquidation of a company
kezdjen tanulni
receivership
person who represents shareholder and votes for him
kezdjen tanulni
Proxy
when the company is solvent, but shareholders decided to wind-up the company voluntarily
kezdjen tanulni
Voluntarily liquidation
zatrudnić dyrektora/zwolnić dyrektora
kezdjen tanulni
to appoint a director/remove a director
sporządzać protokół
kezdjen tanulni
to take a minutes (draw up/draft)
podjać uchwłę
kezdjen tanulni
to pass a resolution
wykreślić przedsiębiorstwo z rejestru
kezdjen tanulni
to strike the company off the register
być w sporze
kezdjen tanulni
to be in dispute
ogłosić dywidendę
kezdjen tanulni
to declare a dividend
być niezadowolonym z czegoś
kezdjen tanulni
to be dissatisfied with sth
działać w dobrej wierze
kezdjen tanulni
to act in good faith
brać udział osobiście
kezdjen tanulni
to attend in person
umieścić spółkę w likwidacji
kezdjen tanulni
to place a company into liquidation
niezabezpieczony wierzyciel
kezdjen tanulni
Unsecured creditor

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