372 Costs of shareholder action
372 Costs of shareholder action
Companies Act 2006 | Legislation

(1)     This section applies in relation to proceedings brought under section 370 in the name of a company (“the company”) by an authorised group (“the group”).

(2)     The group may apply to the court for an order directing the company to indemnify the group in respect of costs incurred or to be incurred by the group in connection with the proceedings.

The court may make such an order on such terms as it thinks fit.

(3)     The group is not entitled to be paid any such costs out of the assets of the company except by virtue of such an order.

(4)     If no such order has been made with respect to the proceedings, then—

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