371 Enforcement of directors' liabilities by shareholder action: supplementary
371 Enforcement of directors' liabilities by shareholder action: supplementary
Companies Act 2006 | Legislation

(1)     A group of members may not bring proceedings under section 370 in the name of a company unless—

(a)     the group has given written notice to the company stating—

(i)     the cause of action and a summary of the facts on which the proceedings are to be based,

(ii)     the names and addresses of the members comprising the group, and

(iii)     the grounds on which it is alleged that those members constitute an authorised group; and

(b)     not less than 28 days have elapsed between the date of the giving of the notice to the company and the bringing of the proceedings.