C2C3C1Part 13Resolutions and meetings
Pt. 13 modified (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 4
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Chapter 2Written resolutions
Circulation of written resolutions
I1292Members' power to require circulation of written resolution
1
The members of a private company may require the company to circulate a resolution that may properly be moved and is proposed to be moved as a written resolution.
2
Any resolution may properly be moved as a written resolution unless—
a
it would, if passed, be ineffective (whether by reason of inconsistency with any enactment or the company's constitution or otherwise),
b
it is defamatory of any person, or
c
it is frivolous or vexatious.
3
Where the members require a company to circulate a resolution they may require the company to circulate with it a statement of not more than 1,000 words on the subject matter of the resolution.
4
A company is required to circulate the resolution and any accompanying statement once it has received requests that it do so from members representing not less than the requisite percentage of the total voting rights of all members entitled to vote on the resolution.
5
The “requisite percentage” is 5% or such lower percentage as is specified for this purpose in the company's articles.
6
A request—
a
may be in hard copy form or in electronic form,
b
must identify the resolution and any accompanying statement, and
c
must be authenticated by the person or persons making it.
Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))