Commentary

79.1 Power of members to require circulation of a written resolution

COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital
| Commentary

79.1 Power of members to require circulation of a written resolution

| Commentary

79 Members’ resolutions

79.1 Power of members to require circulation of a written resolution

In certain circumstances, the shareholders of a private company may require the company to circulate a resolution that is proposed to be moved as a written resolution, together with a statement of not more than 1,000 words relating to the subject matter of the resolution if the shareholders so desire1. The company must circulate the resolution (and the statement if relevant) once it has received requests to do so from members representing not less than 5% of the total voting rights of all members

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