Section A

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

Answer options:

Yes, all companies must have a secretary.

No, it is optional for private companies.

Yes, unless the company has only one director.

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.

Question 38 All questions Question 40

Practice the full ACCA LW — Corporate and Business Law Practice Exam 6

60 questions · hints · full answers · grading

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