C2C3C1Part 13Resolutions and meetings

Annotations:
Modifications etc. (not altering text)
C2

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Chapter 4Public companies F1and traded companies: additional requirements for AGMs

Annotations:
Amendments (Textual)
F1

Words in Pt. 13 Ch. 4 heading inserted (3.8.2009) by The Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 15(5) (with application as stated in reg. 1(2))

I1339Public companies: company's duty to circulate members' resolutions for AGMs

1

A company that is required under section 338 to give notice of a resolution must send a copy of it to each member of the company entitled to receive notice of the annual general meeting—

a

in the same manner as notice of the meeting, and

b

at the same time as, or as soon as reasonably practicable after, it gives notice of the meeting.

2

Subsection (1) has effect subject to section 340(2) (deposit or tender of sum in respect of expenses of circulation).

3

The business which may be dealt with at an annual general meeting includes a resolution of which notice is given in accordance with this section.

4

In the event of default in complying with this section, an offence is committed by every officer of the company who is in default.

5

A person guilty of an offence under this section is liable—

a

on conviction on indictment, to a fine;

b

on summary conviction, to a fine not exceeding the statutory maximum.