C2C1Part 17A company's share capital
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Chapter 6Public companies: independent valuation of non-cash consideration
Transfer of non-cash asset in initial period
601Agreement for transfer of non-cash asset: requirement of approval by members
1
The following conditions must have been complied with—
a
the terms of the agreement must have been approved by an ordinary resolution of the company,
F1b
copies of the valuer's report must have been circulated to the members entitled to notice of the meeting at which the resolution is proposed, not later than the date on which notice of the meeting is given, and
c
a copy of the proposed resolution must have been sent to the other party to the proposed agreement.
2
The reference in subsection (1)(c) to the other party to the proposed agreement is to the person referred to in section 598(1)(a).
3
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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))