The Risk Transformation Regulations 2017

Amendments to the instrument of incorporationU.K.
This adran has no associated Memorandwm Esboniadol

95.—(1) A protected cell company may only amend its instrument of incorporation if the proposed amendment is approved—

(a)by written resolution of the persons holding voting shares issued on behalf of the core of the protected cell company; or

(b)by a resolution passed in a general meeting by a simple majority of the total voting rights of those shareholders who are entitled to vote on the resolution at the meeting.

(2) But paragraph (1) does not prevent the protected cell company's instrument of incorporation requiring a higher majority or unanimity.