Company Law
Incorporation, personality, directors, shareholders, capital, distributions and insolvency.
How to study the CTA Qualification
Confirm your route first, use the 2026 Finance Act basis, complete the CBEs early and align Awareness, Advanced Technical and APS choices before developing integrated advisory answers.
Core concepts
Concept 1
Treat the company as a separate legal person after incorporation.
Exam cue: Define the people, entities, transactions and dates relevant to company law.
Concept 2
Distinguish director authority and duties from shareholder rights.
Exam cue: Select the current CIOT syllabus rule, apply it to the evidence and show any necessary calculation.
Concept 3
Recognise capital-maintenance and lawful-distribution constraints.
Exam cue: State the compliance, professional and practical next step supported by the analysis.
Risk pitfalls and guardrails
Treating company law as a memory list without applying the scenario facts.
Guardrail: Do not mix route-specific requirements, choose conflicting Awareness and AT areas, use an obsolete tax rule, assume relief conditions or omit evidence, deadlines and ethics.
Assuming a relief, exemption, route or tax treatment without checking every condition.
Guardrail: Do not mix route-specific requirements, choose conflicting Awareness and AT areas, use an obsolete tax rule, assume relief conditions or omit evidence, deadlines and ethics.
Using an obsolete rule, missing a deadline or omitting the professional-conduct response.
Guardrail: Do not mix route-specific requirements, choose conflicting Awareness and AT areas, use an obsolete tax rule, assume relief conditions or omit evidence, deadlines and ethics.
Memory anchors
Company Law — Scope
Treat the company as a separate legal person after incorporation.
Company Law — Rule
Distinguish director authority and duties from shareholder rights.
Company Law — Method
Recognise capital-maintenance and lawful-distribution constraints.
Company Law — Risk
Apply filing, decision and record requirements to company actions.
Company Law — Action
Identify administration, liquidation and insolvency consequences.
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
When does a registered company gain legal personality?
Who generally owes statutory duties to the company?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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