[911B Report on material changes of assets of merging companies]
[911B Report on material changes of assets of merging companies]
Companies Act 2006 | Legislation

[(1)     The directors of each of the merging companies must report—

(a)     to every meeting of the members, or any class of members, of that company summoned for the purpose of agreeing to the scheme, and

(b)     to the directors of every other merging company,

any material changes in the property and liabilities of that company between the date when the draft terms were adopted and the date of the meeting in question.

(2)     The directors of each of the other merging companies must in turn—

(a)     report those matters to every meeting of the members, or any class of members,

Popular documents