Commentary

241 Summons for directions to call meetings

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

241 Summons for directions to call meetings

| Commentary

4: PROCEDURE UNDER THE COMPANIES ACT 2006 PART 26

241 Summons for directions to call meetings

The procedure in respect of schemes of arrangement, whether the scheme relates to a reconstruction, a merger, or a division of a company, or any other matter, is governed by Part 26 (Sections 895 to 901) of the Companies Act 2006 and the Civil Procedure Rules 19981.

The first stage of the process is the calling of the requisite meetings of members and creditors of the company affected, to approve the scheme. As this must be done under the direction of the court, the company or

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