Version Superseded: 26/06/2020
Point in time view as at 01/08/2011. This version of this provision has been superseded.
Companies Act 2006, Section 908 is up to date with all changes known to be in force on or before 09 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.
(1)The directors of each of the merging companies must draw up and adopt a report.
(2)The report must consist of—
(a)the statement required by section 897 (statement explaining effect of compromise or arrangement), and
(b)insofar as that statement does not deal with the following matters, a further statement—
(i)setting out the legal and economic grounds for the draft terms, and in particular for the share exchange ratio, and
(ii)specifying any special valuation difficulties.
(3)The requirement in this section is subject to section 915 (circumstances in which reports not required) [F1, section 915A (other circumstances in which reports and inspection not required) and section 918A (agreement to dispense with reports etc).].
Textual Amendments
F1Words in s. 908(3) added (1.8.2011 with application in accordance with reg. 1(2)) by The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011 (S.I. 2011/1606), reg. 7
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
