| Commentary

247 Additional requirements

| Commentary

5: MERGERS AND DIVISIONS OF PUBLIC COMPANIES

247 Additional requirements

Where a scheme of arrangement under Part 26 (Sections 895 to 901) of the Companies Act 2006 is proposed between a public company and its creditors or any class of them, or its members or any class of them, in some circumstances the court will only be able to sanction the scheme if the company complies with special procedures designed to ensure that the interests of different classes of members and creditors of the original public company are specially safeguarded, and sufficient information is given to those members to enable them

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