PART 3AMENDMENTS RELATING TO TRADED COMPANIES

Traded companies: disapplication of saving for casting votes22

In paragraph 23A of Schedule 3 to the Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 20075 (saving for provisions of a company’s articles giving the chairman a second or casting vote in the event of an equality of votes on an ordinary resolution), at the end insert—

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Nothing in this paragraph applies in relation to a traded company (as defined by section 360C of the Companies Act 2006).