The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011

10.  In regulation 34A(1) (removal of certain directors by ordinary resolution)—

(a) in paragraph (2)(a), for “not less than one-tenth” substitute “at least the required percentage”;

(b) after paragraph (2), insert—

“(2A) The required percentage is 10% unless more than twelve months has elapsed since the end of the last general meeting—

(a) called in pursuance of a members’ requisition under this regulation, or

(b) in relation to which the members of the company had (by virtue of an enactment, the company’s instrument of incorporation or otherwise) rights with respect to the circulation of a resolution no less extensive than they would have had if the meeting had been called at their request,

in which case the required percentage is 5%.”.

(1)

Regulation 34A was inserted by S.I. 2005/923.