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6.—(1) In Chapter IV of Part XII of the 1986 Order, after Article 390A(1) insert—
390B.—(1) Where a private company limited by shares or by guarantee has only one member and he takes any decision which may be taken by the company in general meeting and which has effect as if agreed by the company in general meeting, he shall (unless that decision is taken by way of a written resolution) provide the company with a written record of that decision.
(2) If the sole member fails to comply with paragraph (1) he shall be liable to a fine.
(3) Failure by the sole member to comply with paragraph (1) shall not affect the validity of any decision referred to in that paragraph.”.
(2) In Schedule 23 to the 1986 Order (punishment of offences), after the entry relating to Article 390(5) insert—
| “390B(2) | Failure of sole member to providethe company with a written record of decision. | Summary. | A fine of £100.”. |
Article 390A was inserted into the 1986 Order by Article 48(3) of the Companies (No. 2) (Northern Ireland) Order 1990
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