368 Period for which resolution has effect
Companies Act 2006 | Legislation

368  Period for which resolution has effect

(1)     A resolution conferring authorisation for the purposes of this Part has effect for a period of four years beginning with the date on which it is passed unless the directors determine, or the articles require, that it is to have effect for a shorter period beginning with that date.

(2)     The power of the directors to make a determination under this section is subject to any provision of the articles that operates to prevent them from doing so.

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