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    PracticeACCAACCA LW — Corporate and Business Law Practice Exam 5Question 40
    Easy1 markMultiple Choice
    Management, administration and the regulation of companiesSyllabus FCompany SecretaryPrivate Company

    ACCA · Question 40 · Management, administration and the regulation of companies

    Section A

    Is a private limited company legally required to appoint a company secretary?

    Answer options:

    A.

    Yes, always.

    B.

    Yes, if it has more than 50 employees.

    C.

    No, it is optional.

    D.

    No, unless its turnover exceeds £1 million.

    How to approach this question

    Recall the changes made by the Companies Act 2006 regarding company secretaries.

    Full Answer

    C.No, it is optional.✓ Correct
    Under s.270 of the Companies Act 2006, a private company is not required to have a company secretary. Public companies, however, must still have one.

    Common mistakes

    Applying the rules for public companies to private companies.
    Question 39All questionsQuestion 41

    Practice the full ACCA LW — Corporate and Business Law Practice Exam 5

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