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Companies Act 1985

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Changes over time for: Cross Heading: Voting rights in an undertaking

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Version Superseded: 06/04/2008

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Status:

Point in time view as at 01/12/2003.

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Cross Heading: Voting rights in an undertaking. Help about Changes to Legislation

[F1 Voting rights in an undertaking]E+W+S

Textual Amendments

F1Sch. 10A added by Companies Act 1989 (c. 40, SIF 27), ss. 21(2), 213(2), Sch. 9 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9)

2(1)In section 258(2)(a) and (d) [F2and (3A)(a)]the references to the voting rights in an undertaking are to the rights conferred on shareholders in respect of their shares or, in the case of an undertaking not having a share capital, on members, to vote at general meetings of the undertaking on all, or substantially all, matters.

(2)In relation to an undertaking which does not have general meetings at which matters are decided by the exercise of voting rights, the references to holding a majority of the voting rights in the undertaking shall be construed as references to having the right under the constitution of the undertaking to direct the overall policy of the undertaking or to alter the terms of its constitution.

Textual Amendments

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