15(1)Every stockholders' representative shall keep proper books in which shall appear—
(a)a record of every matter dealt with by him in the performance of his duties under this Act; and
(b)minutes of the proceedings of every meeting of holders of securities, which shall include a record of every resolution passed.
(2)All such books shall be open at any reasonable hour to inspection by any holder of securities or by any person authorised in writing in that behalf by any such holder.
16As soon as practicable after he has completed his duties under this Schedule, each stockholders' representative shall—
(a)prepare a statement showing how he has carried out those duties,
(b)send copies of that statement to the Secretary of State, to the Corporation in which vest the securities to which his duties relate and to every holder of securities, and
(c)call a meeting of the holders of securities,
and the stockholders' representative shall present the statement at the meeting and shall give any explanation of the statement that may reasonably be required by any holder of securities present at the meeting.
17(1)In this Schedule the expression “holder of securities ”, in relation to a stockholders' representative or the appointment of a stockholders' representative, means any holder of securities of the company for which he is or is to be appointed or any holder of rights in respect of those securities under Schedule 5 to this Act, or any person to whom those securities or rights are transferred.
(2)Expressions to which meanings are assigned by any provision of this Act shall bear the same meanings in any notice, minute or other document, given, served, or made under this Schedule. Appendix Aircraft and Shipbuilding Industries Act 1977