1 Feb-Jan-2021 - Jack - 1611897555 - 500 Words - 2 Days - Drafting - - LPC - Distinction - United Kingdom

Law

Renmin University of China

Question Description

UK Law

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500 words

UK Law

See attached

500 words

UK Law

See attached

500 words

UK Law

See attached

500 words

UK Law

See attached

500 words

UK Law

See attached

500 words

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Assessment criteria 1. Technical Language Skills 2. Form and Presentation 3. Content 1.1 Correct grammar 1.2 Correctly spelt 1.3 Correctly punctuated 1.4 Accurate, consistent and unambiguous language 2.1 Appropriate layout using paragraphing, clauses, and schedules 2.2 Forms a consistent and coherent whole 2.3 Uses headings appropriately 2.4 Uses definitions appropriately 2.5 Uses appropriate numbering system 2.6 Uses recitals and boilerplate appropriately 3.1 Accurately addresses relevant factual issues 3.2 Accurately addresses relevant legal issues 3.3 Accurately addresses relevant procedural issues 3.4 Meets any formal requirements 3.5 Uses precedents effectively 3.6 Accurately reviews drafting to identify and correct omissions and errors 3.7 Where relevant, explains meaning and effect of document and implications for client The facts and task follow on pages 4 to 7. DOCUMENT 1 Memorandum From: To: Date: Client: Matter: Supervisor Trainee 22 January 2021 Marsh Processing Limited Company Business Plans A couple of days ago, I spoke to Barbarine Marsh, who is the chair of the board of Marsh Processing Limited (‘MPL’), a company that processes and recycles waste. We have been advising MPL since it was incorporated in August 2015. I have summarised below the company’s plans that Barbarine outlined to me. I attach a company search report dated 21 January 2021 (Document 2), MLP’s articles of association (Document 3) and a balance sheet as at 31 December 2020 (Document 4). Familiarise yourself with the facts and the attached documents, and complete the drafting task set out at the end of this Memorandum. MPL’s plans MPL collects waste from disposal sites across Oxfordshire and Gloucestershire for processing and recycling at its plant near Witney, Oxfordshire. It is now expanding its operations across the South East of England. The board of MPL is proposing that MPL purchases four new waste disposal vehicles from Nazia Shahid’s father, Asad, who runs a truck sales business. The purchase price will be a total of £240,000, payable in cash. The board also wishes to award a new 18 month fixed term service contract to Barbarine Marsh to commence on 1 March 2021, on a salary of £60,000 per annum, as her current one will come to an end on 28 February. We will attend a board meeting to deal formally with these issues on Monday 8 February 2021 at 11 am at the company’s main office, at Unit 9B, Deer Park Industrial Estate, Witney, Oxfordshire, OX31 8GD. All the directors will be present. Neal Finlay and Polen Balcan will sign any relevant documentation. The drafting task Prepare appropriate board minutes to address the purchase of the vehicles from Asad Shahid and the new service contract for Barbarine. A template of draft minutes for you to amend are set out in the Answer Booklet. Note that MPL deals with any matters requiring shareholder approval by general meeting on short notice during an adjournment of the relevant board meeting, to enable matters to be addressed with a minimum of delay. You do not however need to draft any notice of a general meeting or consent to short notice that you identify as necessary. You must amend the board minutes in the separate Answer Booklet. END OF DOCUMENT 1 DOCUMENT 2 HLWD Company Agents Company Search Report Prepared for: Dawes Solicitors, 4, The High Street, Witney, Oxfordshire, OX28 7FJ Company Name: Marsh Processing Limited Company Number: C6913407 Incorporated: 14 August 2015 Issued Share Capital: £120,000 consisting of 120,000 ordinary shares of £1 each Articles of Association (attached): Model Articles, with amendment Registered Office: 4, The High Street, Witney, Oxfordshire, OX28 7FJ Last Accounts: 31 December 2020 Charges: Fixed charge over the company’s premises, in favour of Street Bank plc, created 20 August 2015 Liquidators/Receivers/Administrators: None appointed Company Secretary: Polen Balcan Directors: Barbarine Marsh (Chair) Polen Balcan Neal Finlay Nazia Shahid Shareholders: Barbarine Marsh Polen Balcan Neal Finlay Nazia Shahid Date of report 21 January 2021 45,000 shares 32,000 shares 21,000 shares 22,000 shares END OF DOCUMENT 2 DOCUMENT 3 Company number: C6913407 COMPANIES ACT 2006 Private company limited by shares ARTICLES OF ASSOCIATION of Marsh Processing Limited 1. The name of the company is Marsh Processing Limited. 2. The registered office of the company is to be situated in England and Wales. 3. The liability of the members is limited to the amount (if any) unpaid on the shares held by them. 4. The regulations constituting the Model Articles for a Private Company Limited by Shares in The Companies (Model Articles) Regulations 2008 (‘Model Articles’) shall apply to the company, subject to such exclusions and variations as may be set out below or effected hereafter from time to time in accordance with the provisions of the Companies Act 2006 and such Model Articles. 5. Model Article 14 shall not apply to the company. Dated: 14 August 2015 END OF DOCUMENT 3 DOCUMENT 4 Marsh Processing Limited Balance Sheet as at 31 December 2020 EMPLOYMENT OF CAPITAL £ FIXED ASSETS Tangible assets Investments 1,090,000 889,000 1,979,000 CURRENT ASSETS Stocks Debtors Cash at bank 324,500 259,500 170,000 754,000 CREDITORS DUE WITHIN 1 YEAR Trade creditors Other creditors NET CURRENT ASSETS 104,000 67,000 (171,000) 583,000 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS DUE AFTER 1 YEAR 2,562,000 (800,700) NET ASSETS 1,761,300 CAPITAL EMPLOYED CAPITAL & RESERVES Called up share capital: ordinary £1 shares Share premium account Profit & loss account 120,000 469,300 1,172,000 1,761,300 END OF DOCUMENT 4 Draft board minutes for completion Company number: [ [ ] ] Minutes of the meeting of the board of directors of [ on [ ] at [ ( ] at [ NAME )] held ] POSITION Present: In attendance: 1. Supervisor Notice and Quorum The chair declared the meeting open. 2. Business of the meeting The chair explained that the meeting had been called to consider: [ ]. 3. Production of documents The chair tabled the documents: [ ] Resolutions The board considered the business of the meeting and the proposed documents. The chair noted that the approval of the shareholders was required, in accordance with section [ ] of the Companies Act 2006, [ ]. IT WAS THEREFORE RESOLVED [ ]. Adjurnment [ 20210130075657draft_board_minutes_ a-answerbooklet 1/3 © City, University of London 2020 ] 6. Further resolutions [ 7. ] Compliance with sections 171 to 177 of the Companies Act 2006 The directors declared their compliance with sections 171 to 177 of the Companies Act 2006. 8. Close of meeting There was no further business and the chair declared the meeting closed. Chair © City, University of London 2020 2/3 20210130075657draft_board_minutes_a -answerbooklet 20210130075657draft_board_minutes_ a-answerbooklet 3/3 © City, University of London 2020 ...
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