367 Form of authorising resolution
Companies Act 2006 | Legislation

367  Form of authorising resolution

(1)     A resolution conferring authorisation for the purposes of this Part may relate to—

(a)     the company passing the resolution,

(b)     one or more subsidiaries of that company, or

(c)     the company passing the resolution and one or more subsidiaries of that company.

(2)     A resolution may be expressed to relate to all companies that are subsidiaries of the company passing the resolution—

(a)     at the time the resolution is passed, or

(b)     at any time during the period for which the resolution has effect,

without identifying them individually.

(3)     The resolution may authorise donations or expenditure under one

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