No versions valid at: 01/01/2007
Point in time view as at 01/01/2007. This version of this cross heading contains provisions that are not valid for this point in time.
Companies Act 2006, Paragraph 3 is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Valid from 06/04/2008
3(1)In section 1162(2)(b) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters.U.K.
(2)An undertaking shall be treated as having the right to appoint to a directorship if—
(a)a person's appointment to it follows necessarily from his appointment as director of the undertaking, or
(b)the directorship is held by the undertaking itself.
(3)A right to appoint or remove which is exercisable only with the consent or concurrence of another person shall be left out of account unless no other person has a right to appoint or, as the case may be, remove in relation to that directorship.
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