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Question		Answer
memorandum of association (UK LAW) in the UK, one of two documents which form the constitution of a company. It sets out the important elements of the corporation, including its name, address, objects and powers start learning		statut spółki The Directors may exercise the powers given by Clause 3 of the Memorandum of Association of the Company.
articles of association The company's articles of association contain details of the scope of the directors' authority to issue new shares. start learning		umowa spółki a document outlining the rules governing a company's internal organisation
articles of incorporation The firm will amend its Articles of Incorporation to reflect the reclassification of shares and the denial of pre-emptive rights to shareholders. start learning		= memorandum of association statut spółki (usually) Articles of Incorporation one of the legal documents that must be prepared when a company is formed. It includes the name and address of the company, the purpose of the company and details on how many shares can be issued.
capital clause start learning		postanowienie z memorandum określające kapitał a clause in a company's memorandum of association that states the amount of the company's equity and its division into shares
constitutional documents The bill outlines a new form of business entity, the incorporated business firm (IBF), which would require simpler constitutional documents than those necessary for a limited liability company. start learning		konstytucyjne dokumenty documents that define the existence of a legal entity and regulate the structure and control of the entity and its members.
certificate of incorporation Smith filed for and received a Certificate of Incorporation from the Idaho Department of State. start learning		świadectwo rejestracji akt ustanowienia spółki świadectwo rejestracji spółki certyfikat rejestracji spółki a document issued by a governmental authority granting a company status as a legal entity
purpose The sale of financial instruments is a proper corporate purpose. start learning		cel prowadzenia spółki the aims or objects of a business entity
principles for operation start learning		zasady prowadzenia działalności
legal form start learning		forma prawna
basic concepts of the articles of association of the company start learning		podstawowe pojęcia umowy spółki
object clause start learning		cel/przedmiot działalności spółki
number and value of shares start learning		liczba i wartość akcji
enter into preliminary contracts start learning		zawiązać umowy wstępne
notary's deed start learning		akt notarialny
contributions The liability of the limited partners is limited to the amount of their respective contributions. start learning		wkłady an amount of money that you give to help pay for something
company's bodies start learning		organy spółki
company's duration start learning		okres trwania spółki
to make contributions start learning		wnieść wkłady
Registrar of Companies start learning		rejestr handlowy rejestr spółek rejestr firm
prior start learning		wcześniej, uprzednio
limited liablility under formation (a.k.a. in organization) start learning		spółka w organizacji
incorporation start learning		tworzenie i rejestracja
to cover the entire share capital start learning		pokryć cały kapitał zakładowy
register of enterpereneurs start learning		rejestr przedsiębiorców
joint-stock company start learning		sp. akcyjna
limited liability company start learning		sp. z o.o.
founding deed start learning		akt zawiązania spółki akcyjnej
founder start learning		założyciel
private limited company Ltd A private limited company cannot sell its shares on the stock market. start learning		coś w rodzaju sp. z o.o. a company where the liability of the owners is limited to their shareholdings and where the shares may not be offered for sale to the public through a stock exchange
issued shares the number of shares held by parties other than the company; shares held by investors start learning		akcje objęte the number of shares held by parties other than the company; shares held by investors
ordinary share (common share) Each director held 1,000 ordinary shares in the company. start learning		akcje zwykłe a type of share that gives voting rights and pays dividends, and which is the most common form of share. Ordinary shares do not give the holder any preference rights in the payment of dividends or the distribution of assets
issued stock\ shares The company’s issued stock amounts to GBP 7.5 million. start learning		akcje objęte shares that have been sold or otherwise distributed by a company
capital stock \ authorised share capital The shareholders voted to increase the company's capital stock. start learning		maksymalna liczba akcji jaką firma może wydać the maximum number of shares authorised by a company's charter
freely transferable share The London Stock Exchange requires listed companies to have freely transferable shares. start learning		akcje bez ograniczeń w sprzedaży a share that can be offered for sale to the general public; a share that can be sold without any restrictions
share capital The new shares will increase the total share capital to $15m. start learning		kapitał zakładowy the money that a company has from investors who have bought shares
acquisition The deal involves the acquisition of 80% of the shares in the company. start learning		nabycie, zakup the act of gaining possession of something; the purchase (=buying) of an asset; the purchase of one company by another company
resolution The UN Security Council will vote on the draft resolution on Tuesday. start learning		uchwała an official decision taken at a meeting; the expression of opinion or will of an official body (eg shareholders' meeting, Board of Directors' meeting, etc) by vote
costs incurred with respect to company's corporation start learning		poniesione koszty w związku z założeniem spółki
supervisory board start learning		rada nadzorcza
subdivide start learning		podział
preference shares British banks issue preference shares that are similar to US preferred stocks, which pay fixed dividends. start learning		akcje uprzywilejowane share carrying rights of priority as to dividends and voting as well as priority over other shareholders in a company's winding up
first refusal start learning		pierwsza odmowa przy prawie pierwokupu akcji
loan capital start learning		kapitał pożyczkowy
capitalisation Shareholders will receive one capitalisation issue share for every 40 ordinary shares they hold at close of business on 7 November 2009. start learning		emisja kapitalizacyjna when money from a company’s reserves is converted into issued capital and distributed to shareholders instead of a cash dividend
issuance of various securities start learning		wydanie rożnych papierów wartościowych
security The safest, western government-backed treasury securities have seen the biggest gains. start learning		papier wartościowy a financial asset such as a share or a bond; the certificate that shows you own this financial asset
authorised share capital=authorized shares (US) start learning		maksymalna liczba akcji jaką firma może wypuścić umieszczona w statucie spółki
subscriber Pursuant to the initial public offering, 1,000,000 new shares in the company were issued to subscribers. start learning		udziałowiec, założyciel a shareholder, especially one who has bought (or will buy) newly issued shares in a company
division start learning		podział, sekcja
entail start learning		zawierać, dotyczyć
dividend The company paid a dividend of £5 per share. start learning		dywidenda a distribution of profits payable to shareholders in accordance with their shareholding
fixed dividend irrepctive of performance start learning		stała dywidenda bez względu na wykonanie
whereby start learning		poprzez który
increase marketability start learning		podnosi rynkowność
appropriately start learning		odpowiednio, właściwie
share consolidation = US reverse stock split start learning		konsolidacja akcji
share subdivision = US stock split start learning		podział akcji
pre-emption rights = US preemptive richts Shareholders of this company have preemption rights which entitle them to first call on secondary share offerings. start learning		prawo pierwokupu akcji entitlements of existing shareholders to buy shares before they are offered to third parties
special resolution In order to change the name of the company, a special resolution was passed. start learning		uchwała nadzwyczajna a resolution passed by a majority of not less than three-quarters of shareholders at a company general meeting
rights issue Under the rights issue, 34 million New Ordinary Shares are being offered to Shareholders at 10c per share. start learning		prawo poboru offer of shares to existing shareholders in proportion to how many shares they already own
debentures The company issued a number of debentures during the beginning of the year in order to raise more funds. start learning		papiery wartościowe dłużne (nie ma w Polsce) in the UK, written acknowledgment of debt, secured on the assets of the company
floating charge The loan was secured with a floating charge over the companies assets. start learning		płynne zabezpieczenie a continuing charge on assets which allows the grantor to deal with those assets freely
fixed charge Assets subject to a fixed charge cannot be sold without the bank's consent. start learning		zabezpieczenie na aktywach spółki in the UK, a charge attached to specific assets which prohibits dealing with those assets without the creditor’s consent
enquire about start learning		pytać = ask
create a provision start learning		utworzyć rezerwę
balance sheet start learning		bilans
prerequisite start learning		przesłanka
suplementary capital start learning		zapasowy kapitał
reserve capital start learning		rezerwowy kapitał
excessive indebtedness The company accounts over the previous four years had not shown the true state of its huge indebtedness. start learning		nadmierne zadłużenie the state of owing money to a person, business, organisation or other entity
exercise the rights start learning		wykonywać prawa
nominee shareholder Investors who wish to remain anonymous may take advantage of our nominee shareholder service. start learning		osoba będąca udziałowcem, lecz jej prawa wykonuje ktoś inny, np. dzieci the registered owner of shares in held on behalf of another person
force out start learning		odwołać, wyprzeć, wypchnąć
listed companies start learning		notowane spółki giełdowe
to this end start learning		w tym celu
wide ranging start learning		szeroki zakres
compliance with both law and practice start learning		zgodność z prawem i praktyką
propose a resolution start learning		zaproponować uchwałę
annul a resolution start learning		anulować uchwałę
carry a resolution start learning		podjąć u.
reject a resolution start learning		odrzucić u.
adopt a resolution start learning		podjąć u.
conclude an agreement start learning		zawrzeć umowę
violate an agreement start learning		naruszyć u.
terminate an agreement start learning		zakończyć, wypowiedzieć u.
draw up an agreement start learning		sporządzić u.
sign an agreement start learning		podpisać u.
break an agreement start learning		naruszyć u.
refuse \ withhold an approval start learning		odrzucić zgodę
give an approval start learning		dać zgodę
require an approval start learning		wymagać zgody
seek an approval start learning		szukać zgody
obtain an approval start learning		uzyskać zgodę
close a meeting start learning		zamknąć spotkanie
call / convene a meeting start learning		zwołać spotkanie
hold a meeting start learning		odbywać spotkanie
conduct a meeting start learning		prowadzić spotkanie
attend a meeting start learning		uczestniczyć w spotkaniu
takeover talks start learning		rozmowy o przejęciu firmy
stake in the company start learning		udział w spółce
share capital is paid up start learning		kapitał zakładowy jest spłacony
entity separate from its members start learning		osoba oddzielna od swoich członków
company under the name Teddy Bear Ltd start learning		spółka pod nazwą
liable under the contract start learning		odpowiedzialny z kontraktu
liable for start learning		winny za
act on behalf of sb start learning		działa w imieniu
sell sth at a profit start learning		sprzedać coś z zyskiem

ILEC - Lesson 4

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