# Companies Act 2006, Section 368: Period for which resolution has effect


(1) A resolution conferring authorisation for the purposes of this Part has effect for a period of four years beginning with the date on which it is passed unless the directors determine, or the articles require, that it is to have effect for a shorter period beginning with that date.
(2) The power of the directors to make a determination under this section is subject to any provision of the articles that operates to prevent them from doing so.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/368 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-368
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.