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Companies Act 2006

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Changes over time for: Section 323

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Version Superseded: 26/06/2020

Status:

Point in time view as at 06/04/2015. This version of this provision has been superseded. Help about Status

Changes to legislation:

Companies Act 2006, Section 323 is up to date with all changes known to be in force on or before 17 January 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. Help about Changes to Legislation

323Representation of corporations at meetingsU.K.
This section has no associated Explanatory Notes

(1)If a corporation (whether or not a company within the meaning of this Act) is a member of a company, it may by resolution of its directors or other governing body authorise a person or persons to act as its representative or representatives at any meeting of the company.

[F1(2)A person authorised by a corporation is entitled to exercise (on behalf of the corporation) the same powers as the corporation could exercise if it were an individual member of the company. Where a corporation authorises more than one person, this subsection is subject to subsections (3) and (4).

(3)On a vote on a resolution on a show of hands at a meeting of the company, each authorised person has the same voting rights as the corporation would be entitled to.

(4)Where subsection (3) does not apply and more than one authorised person purport to exercise a power under subsection (2) in respect of the same shares—

(a)if they purport to exercise the power in the same way as each other, the power is treated as exercised in that way;

(b)if they do not purport to exercise the power in the same way as each other, the power is treated as not exercised.]

Textual Amendments

Modifications etc. (not altering text)

C2S. 323 applied (with effect as mentioned in rule 3 of the amending S.I.) (30.11.2007) by The PPP Administration Order Rules 2007 (S.I. 2007/3141), rule 88(1)

Commencement Information

I1S. 323 wholly in force at 1.10.2007; s. 323 not in force at Royal Assent see s. 1300; s. 323 in force at 1.10.2007 by S.I. 2007/2194, art. 2(1)(f) (with saving in art. 12 and subject to transitional adaptations specified in Sch. 1)

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