OpenLegislation

Article 15 Electronic requirement that accounts and reports be laid before the company in general meeting

Original text. Later amendments are not shown.

(1)

Section 253 of the 1985 Act (right of shareholder to require laying of accounts)f1 is amended as follows.

(2)

After subsection (2), insert the following subsection—

“(2A)

The power of a member or auditor under subsection (2) to require the holding of a general meeting is exercisable not only by the deposit of a notice in writing but also by the transmission to the company at such address as may for the time being be specified for the purpose by or on behalf of the company of an electronic communication containing the requirement.”

(3)

In subsection (3)—

(a)

for the words “the deposit of such a notice proceed” substitute

    1. (a)

      “the deposit of a notice containing a requirement under subsection (2), or

    2. (b)

      the receipt of such a requirement contained in an electronic communication, proceed”, and

(b)

for the words “deposited the notice” substitute the words “required the holding of the meeting”.

(4)

In subsection (5), for the words “deposited the notice” substitute the words “required the holding of the meeting”.

Annotations

Footnotes

f1

Section 253 was substituted by sections 1 and 16 of the Companies Act 1989.