[F142.—(1) Subject to sub-paragraph (2), a meeting summoned under paragraph 39 which resolves that it be adjourned (or further adjourned) may resolve that the moratorium be extended (or further extended), with or without conditions.N.I.
(2) The moratorium may not be extended (or further extended) to a day later than the end of the period of 2 months which begins—
(a )F2where both meetings summoned under paragraph 39 are first held on the same day, with that day,
(b )F2in any other case, with the day on which the later of those meetings is first held.
(3) At any meeting where it is proposed to extend (or further extend) the moratorium, before a decision is taken with respect to that proposal, the nominee shall inform the meeting—
(a)of what he has done in order to comply with his duty under paragraph 34 and the cost of his actions for the company, and
(b)of what he intends to do to continue to comply with that duty if the moratorium is extended (or further extended) and the expected cost of his actions for the company.
(4) Where, in accordance with sub-paragraph (3)(b), the nominee informs a meeting of the expected cost of his intended actions, the meeting shall resolve whether or not to approve that expected cost.
(5) If a decision not to approve the expected cost of the nominee's intended actions has effect under paragraph 46, the moratorium comes to an end.
(6) A meeting may resolve that a moratorium which has been extended (or further extended) be brought to an end before the end of the period of the extension (or further extension).
(7) The Department may by order increase or reduce the period for the time being specified in sub-paragraph (2).]