You must read all Netlaw's topics under Company Law to complete your necessary basic knowledge of the principles.
We also provide you with a direct link to the Government legislation site where you can look up ALL Acts of Parliament and Regulations and Rules. An Act is also known as a Statute. A Regulation is also sometimes known as a Rule. This Government legislation site is still going through some teething problems. But you will be able to access all legislation and find specific Acts and Rules and individual sections.
Local & Private Acts
The COMPANIES ACT 1993 provides a quick procedure for ensuring payment, or at least of knowing if the payment is possible.
It can be used only if there is no dispute that the debt is owing.
It used to be called the 218 Notice but now that the Companies Act has changed it is called - A 289 Statutory Demand.
The beauty of this Notice is that if the Company does not pay the amount demanded within 15 working days then you can move to wind the Company up in the High Court.
If the debt is truly owing then rarely does a Company place itself at risk of being wound up. The Company usually pays up!
However, you have a very strong obligation to ensure that you do not use the procedure if you know that the debt is genuinely in dispute.
We set out below the form to use for the Statutory Demand.
Statutory Demand Document
To recover money from a Company you must serve
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