3. Company Procedures, Transactions and Records
Apply meeting and resolution rules, complete filings, maintain registers and advise on distributions, share transactions and substantial decisions.
How to study the CPQ Advanced stage
Prepare each separately assessed component on its own terms, then connect legal analysis, client judgment, drafting, accounts and research across the route.
Core concepts
Concept 1
Board and member decisions require the correct power, notice, quorum, voting threshold and record.
Exam cue: Build the corporate approval and filing sequence.
Concept 2
Companies must maintain statutory registers, accounts, confirmation and event-driven filings.
Exam cue: Check articles, statutory rule and any shareholder agreement.
Concept 3
Share issues, transfers, buybacks and distributions require distinct authority and capital procedures.
Exam cue: Diary internal and Companies House deadlines separately.
Risk pitfalls and guardrails
Using an ordinary resolution where a special resolution is required.
Guardrail: Do not study all optional modules as mandatory, combine unlike assessment structures, exceed professional authority or rely on outdated law, procedure, tax or regulator rules.
Assuming filing cures an invalid underlying decision.
Guardrail: Do not study all optional modules as mandatory, combine unlike assessment structures, exceed professional authority or rely on outdated law, procedure, tax or regulator rules.
Paying a distribution without available distributable profits.
Guardrail: Do not study all optional modules as mandatory, combine unlike assessment structures, exceed professional authority or rely on outdated law, procedure, tax or regulator rules.
Memory anchors
Corporate action
Power, approve, document, file, register and notify.
Meeting
Notice, agenda, quorum, conflict, vote and minute.
Share event
Authority, rights, price, capital, filing and register.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
A private company proposes an ordinary member resolution. What majority is normally required?
A company must amend its articles. Which member approval is ordinarily required?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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