T 1 Company law

 0    44 flashcards    jedrzejjozwiak
download mp3 print play test yourself
 
Question English Answer English
member of the company, owner of the company who has a part of shared capital
start learning
Shareholder
person from outside the company who is a quallified accountant and whose task is to inspect the financial records of a company
start learning
Auditor
person employed by a company to deal with all financial paperwork, person who deals with accounts (day-to-day finances of a company)
start learning
Accountant
person who lends money
start learning
Creditor
person who has borrowed money
start learning
debtor
list of goods or service which shows how much you have to pay for them
start learning
Invoice
to limit
start learning
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
start learning
joint venture
agreement under which a director is employeed
start learning
service agreement
situation when a company does not have enough money to pay its debts
start learning
Insolvency
situation when 2 companies join together to form one company
start learning
Merger
person who manages the business on day-to-day basis
start learning
Executive director
post qualification experience, shows what experience you have gained after graduation
start learning
PQE
to call
start learning
to convene
profits
start learning
Proceeds
minimum number of people who must be present at the meeting to make a decission
start learning
Quorum
a duty to be loyal and to act in the best intrest of a company
start learning
Fiduciary duty
enables an invalid to move
start learning
mobility equipment
record of a meeting
start learning
Minutes
to postpone
start learning
to adjourn
annual general meeting, meeting of all shareholders of a company which is convened regulary once a year
start learning
AGM
extraordinary general meeting, convened if it’s necessary for shareholders to meet again
start learning
EGM
method of voting by raising hands
start learning
vote by show off hands
method of voting by writing on a paper
start learning
Poll
when everybody votes in the same way
start learning
Unanimously
passed at a meeting when simple majority is needed (over 50%)
start learning
ordinary resolution
passed at a meeting when majority of 75% is needed
start learning
Special resolution
to sell assets
start learning
to raise assets
to sell companys assets to pay off its debts
start learning
to wind-up
situation when a court is asked to appoint administrator to restructurise the company
start learning
Administration
company is insolvent, liqiudator called a receiver to start proces of liquidation of a company
start learning
receivership
person who represents shareholder and votes for him
start learning
Proxy
when the company is solvent, but shareholders decided to wind-up the company voluntarily
start learning
Voluntarily liquidation
zatrudnić dyrektora/zwolnić dyrektora
start learning
to appoint a director/remove a director
sporządzać protokół
start learning
to take a minutes (draw up/draft)
podjać uchwłę
start learning
to pass a resolution
wykreślić przedsiębiorstwo z rejestru
start learning
to strike the company off the register
być w sporze
start learning
to be in dispute
ogłosić dywidendę
start learning
to declare a dividend
być niezadowolonym z czegoś
start learning
to be dissatisfied with sth
działać w dobrej wierze
start learning
to act in good faith
brać udział osobiście
start learning
to attend in person
umieścić spółkę w likwidacji
start learning
to place a company into liquidation
niezabezpieczony wierzyciel
start learning
Unsecured creditor

You must sign in to write a comment