Examples of Section 561 Amount in a sentence
In all other cases, the maximum amount of equity securities and treasury shares which the Board can allot or sell is the Section 561 Amount.
This article will apply for the first time when the shareholders pass a resolution or resolutions at a general meeting to fix a prescribed period, one or more Section 551 Amounts and a Section 561 Amount by reference to this article.
The Section 561 Amount for any prescribed period is that stated in a relevant special resolution passed by the shareholders at a general meeting.
To consider, and if thought fit, to pass the following Resolutions 21 to 23 which will be proposed as SPECIAL RESOLUTIONS: RESOLUTION 21 – Disapplication of pre-emption rights THAT, subject to the passing of Resolution 20 above, the power conferred on the Directors by Article 8(B)(ii) of the Company’s Articles of Association be renewed for the period referred to in such Resolution and for such period the Section 561 Amount shall be £3,933,232.
RISK ASSESSMENT The Licensing Act 2003 allows any parties aggrieved with the decision made by the Licensing Sub-Committee to appeal that decision to Warrington Magistrates’ Court within 21 days from the day on which the applicant receives notification of the decision.