ExpertEasy1 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?
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.
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