263 Whether permission to be given
263 Whether permission to be given
Companies Act 2006 | Legislation

(1)     The following provisions have effect where a member of a company applies for permission (in Northern Ireland, leave) under section 261 or 262.

(2)     Permission (or leave) must be refused if the court is satisfied—

(a)     that a person acting in accordance with section 172 (duty to promote the success of the company) would not seek to continue the claim, or

(b)     where the cause of action arises from an act or omission that is yet to occur, that the act or omission has been authorised by the company, or

(c)     where the cause of action arises from an act or omission that has already occurred, that the act or omission—

(i)     was authorised by the company before it occurred, or

(ii)     has been ratified by the company since it occurred.