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Companies Act 2006

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Changes over time for: Section 927

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No versions valid at: 01/01/2007

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Point in time view as at 01/01/2007. This version of this provision is not valid for this point in time. Help about Status

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Companies Act 2006, Section 927 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. Help about Changes to Legislation

Valid from 06/04/2008

927Report on material changes of assets of transferor company (division)U.K.
This section has no associated Explanatory Notes

(1)The directors of the transferor company must report—

(a)to every meeting of the members, or any class of members, of that company summoned for the purpose of agreeing to the scheme, and

(b)to the directors of each existing transferee company,

any material changes in the property and liabilities of the transferor company between the date when the draft terms were adopted and the date of the meeting in question.

(2)The directors of each existing transferee company must in turn—

(a)report those matters to every meeting of the members, or any class of members, of that company summoned for the purpose of agreeing to the scheme, or

(b)send a report of those matters to every member entitled to receive notice of such a meeting.

(3)The requirement in this section is subject to section 933 (agreement to dispense with reports etc).

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