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The Companies (Shareholders’ Rights) Regulations 2009
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- UK Statutory Instruments
- 2009 No. 1632
- PART 3
- Regulation 22
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Traded companies: disapplication of saving for casting votes
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22. In paragraph 23A of Schedule 3 to the Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007(1) (saving for provisions of a company’s articles giving the chairman a second or casting vote in the event of an equality of votes on an ordinary resolution), at the end insert—
“(4) Nothing in this paragraph applies in relation to a traded company (as defined by section 360C of the Companies Act 2006).”.
(1)
S.I. 2007/2194 (C. 84); paragraph 23A of Schedule 3 was inserted by S.I. 2007/3495 (C. 150), Schedule 5, paragraph 2(5).
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