C4C1C3Part 14Control of political donations and expenditure

Annotations:
Modifications etc. (not altering text)
C4

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))

C1

Pt. 14 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

Authorisation required for donations or expenditure

I1C2367Form of authorising resolution

1

A resolution conferring authorisation for the purposes of this Part may relate to—

a

the company passing the resolution,

b

one or more subsidiaries of that company, or

c

the company passing the resolution and one or more subsidiaries of that company.

2

A resolution may be expressed to relate to all companies that are subsidiaries of the company passing the resolution—

a

at the time the resolution is passed, or

b

at any time during the period for which the resolution has effect,

without identifying them individually.

3

The resolution may authorise donations or expenditure under one or more of the following heads—

a

donations to political parties or independent election candidates;

b

donations to political organisations other than political parties;

c

political expenditure.

4

The resolution must specify a head or heads—

a

in the case of a resolution under subsection (2), for all of the companies to which it relates taken together;

b

in the case of any other resolution, for each company to which it relates.

5

The resolution must be expressed in general terms conforming with F1subsection (3) and must not purport to authorise particular donations or expenditure.

6

For each of the specified heads the resolution must authorise donations or, as the case may be, expenditure up to a specified amount in the period for which the resolution has effect (see section 368).

7

The resolution must specify such amounts—

a

in the case of a resolution under subsection (2), for all of the companies to which it relates taken together;

b

in the case of any other resolution, for each company to which it relates.