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Requirements for payment out of capital

Companies Legislation

Publisher:
Bloomsbury Professional
Law Stated At:
17 November 2020
Companies Act 2006 Part 18: ACQUISITION BY LIMITED COMPANY OF ITS OWN SHARES [ss658-737] Chapter 5: REDEMPTION OR PURCHASE BY PRIVATE COMPANY OUT OF CAPITAL [ss709-723] Requirements for payment out of capital Directors' statement and auditor's report Directors' statement: offence if no reasonable grounds for opinion Payment to be approved by special resolution Resolution authorising payment: exercise of voting rights Resolution authorising payment: disclosure of directors' statement and auditor's report Public notice of proposed payment Directors' statement and auditor's report to be available for inspection ...

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