(1)A company is not bound under section 376 to give notice of a resolution or to circulate a statement unless—
(a)a copy of the requisition signed by the requisitionists (or two or more copies which between them contain for signatures of all the requisitionists) is deposited at the registered office of the company—
(i)in the case of a requisition requiring notice of a resolution, not less than 6 weeks before the meeting, and
(ii)otherwise, not less than one week before the meeting; and
(b)there is deposited or tendered with the requisition a sum reasonably sufficient to meet the company’s expenses in giving effect to it.
(2)But it, after a copy of a requisition requiring notice of a resolution has been deposited at the company’s registered office, an annual general meeting is called for a date 6 weeks or less after the copy has been deposited, the copy (though not deposited within the time required by subsection (1)) is deemed properly deposited for the purposes of that subsection.
(3)The company is also not bound under section 376 to circulate a statement if, on the application either of the company or of any other person who claims to be aggrieved, the court is satisfied that the rights conferred by that section are being abused to secure needless publicity for defamatory matter; and the court may order the company’s costs on such an application to be paid in whole or in part by the requisitionists, notwithstanding that they are not parties to the application.