718 Resolution authorising payment: disclosure of directors' statement and auditor's report
718 Resolution authorising payment: disclosure of directors' statement and auditor's report
Companies Act 2006 | Legislation

(1)     This section applies to a resolution under section 716 (resolution authorising payment out of capital for redemption or purchase of own shares).

(2)     A copy of the directors' statement and auditor's report under section 714 must be made available to members—

(a)     in the case of a written resolution, by being sent or submitted to every eligible member at or before the time at which the proposed resolution is sent or submitted to him;

(b)     in the case of a resolution at a meeting, by being made available for inspection by members of the company at the meeting.