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Management, administration and the regulation of companiesManagement, administration and the regulation of companiesCompany officers
ACCA · Question 39 · Management, administration and the regulation of companies
Section A
Is a private limited company legally required to appoint a company secretary?
Section A
Is a private limited company legally required to appoint a company secretary?
Answer options:
A.
Yes, all companies must have a secretary.
B.
No, it is optional for private companies.
C.
Yes, unless the company has only one director.
D.
No, unless the company's turnover exceeds £1 million.
How to approach this question
Recall the deregulation introduced by the Companies Act 2006 for private companies.
Full Answer
B.No, it is optional for private companies.✓ Correct
Under the Companies Act 2006, private limited companies are no longer legally required to appoint a company secretary, although they may choose to do so. Public limited companies (PLCs) must still have a suitably qualified company secretary.
Common mistakes
Applying the rules for PLCs to private companies.
Practice the full ACCA LW — Corporate and Business Law Practice Exam 6
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