Help me to write the Letter
The University Law The University Law The University Law DOCUMENT B deal immediately with any written resolutions that might be required if he is sent any paperwork electronically. Farzana has DOCUMENT A EASY FOODS LTD sonically. Farzana has unofficially established that Martin supports the Balance Sheet as at 1 December 2020 proposed buy-back of Sophie's shares. EASY FOODS LIMITED would circulate any proposed written resolution and any necessary accompanying documentation by email immediately after the board meeting on 20 January 2021. Incorporation date: 15 December 2015 FIXED ASSETS Premises 170,00 Company Number Plant and Machinery What I want you to do. 5142021 30.000 200,000 A board meeting to consider these matters has already been validly called by Farzana on CURRENT ASSETS reasonable notice to take place on Monday 20 January 2021. All of the directors intend to Directors:A Stock 40,000 Me Sana Khan Debtor 20,000 beforehand. I therefore need you to send me's memorandum which i can max ry to go through everything Ms Sophie Williams Cash 60.000 for that meeting. Could you please structure the memorandum to me as follows: Secretar 120,000 None CURRENT LIABILITIES Part 1 Trade creditors 30,000 Corporation tax Explain what resolutions will be required to be passed at either Board andfor shareholder 10,000 level in order for the Company to implement Sophie's retirement from the Board and the Issued share capital: .150 ordinary E1 shares 40.000 buy-back of her shares and to appoint Francesca as a non-executive director. You may assume that the Company's Articles do not impose any restrictions on share Shareholders: Holding NET CURRENT ASSETS 80.000 lame in which betshe has an interest which conflicts or may conflict TOTAL ASSETS LESS CURRENT Company. Mrs Farzana Akhtar 500 ordinary E1 shares (fully paid) LIABILITIES 280,000 would like you to include references to the Companies Act 2006 and/or the Company's Ms Sana Khan 400 ordinary E1 shares (fully paid) CREDITORS (amounts falling due after Articles in case I need to check any points before or during the meeting. Ms Sophie Williams 150 ordinary E1 shares (fully paid) Bank Loan Part 2 (192.500) Mr Martin Smith 100 ordinary E1 shares (fully paid) Set out what the Company needs to do from a procedural point of view (in chronological order) to implement the proposals relating to:- NET ASSETS BZ.500 Articles of Association: * Sophie's retirement; Model Articles with minor amendments including allowing interested directors to vote . The buy-back of Sophie's shares: and count in the quorum. Not reproduced CAPITAL AND RESERVES . The appointment of Francesca as non-executive director. Registered Office: Share capital 1,150 You should explain clearly what is needed at each stage and who must be involved taking 1 Golden Street Share premiu 56,35 ensure my young intentions. If any shareholders' resolutions are necessary, please West Midlands Profit and loss 30.000 B15 1 LL 87.500 Please do this as efficiently as possible - i.e. with as few meetings as possible 0121 599 349 would also like you to set out in full any filing or administrative tasks that the Company 1.1454 Pace a of 9 The University of Law Limited 20620-2021 will have to do after the Board meeting/'s have taken place. Again could you please include L145 Page & of B The Unive niversity of Law wtext 2020-2021 The University of Law Limited 2090-2021 The University Law The University Law Instructions The University Law EMAIL You are a trainee in the Corporate department of Ulaws Solicitors LLP. You have received the attached email and related documents from your supervising solicitor full references to the Companies Act 2006 and/or the Company's Articles in case I need to check any points. Andrea Clay. trainee@ULaws.com Please note that you are not required to draft any minutes, notices or resolutions From at this stage. Date : Easy Foods Limited Carry out the instructions in Andrea's email. 4 January 2021 You must sign your memorandum "Trainee", not in your own name. look forward to receiving your memorandum. nce for this matter is AC/EFLCorp 2021. We act for Easy Foods Limited ("the Company"). It supplies packaged ready meals to and the company information sheet for the Company (Document A) and the latest Thank you Balance Sheet of the Company (Document B). Farzana Akhtar ("Farzana"). the Managing Director and Chairman, has asked this firm to Andrea unless otherwise india following matters (which have the Board's unanimous support Retirement of Sophie Williams and share buy-back Sophie Williams ("Sophie") is a non-executive director. She has told the Board that she 2021. intends to retire as a director with effect from the end of the board meeting on 20 January Sophie has asked Farzana whether the Company could buy her shares once she has retired from the board, for a total price of $15,000. Farzana is happy for the Company to new shares, any is proposing to finance the buy-back out of cash and not ssuing 5/9 the buy-back." Farzana says, however, that Sana Khan ("Sana"), the Finance Director, is likely to oppose 2. Appointment of Francesca Brown as a non-executive director The appones Francesca Brown ("Francesca") as a non-executive director. meeting on 20 January 2021 and is to take immediate effect. Francesca has confirmed that she is able to attend the board meeting. Farzana has spoken to Francesca recently and understands that Francesca will support the proposal for the Company to buy back The Company does not have auditors and there is no shareholders' agreement relating If any shareholders' resolutions will be necessary in relation to these matters, the Board wishes them to be obtained by way of the written resolution procedure as Martin Smith any meetings during January . Martin will be contactable by email and has said he can Page 5 of 9 The Universe
