Examples of the UK Companies Act 1985 in a sentence
The auditors’ report on these accounts was unqualified and did not contain a statement under Section 237(2) or Section 237(3) of the UK Companies Act 1985.
Under the UK Companies Act 1985 and/or the UK Companies Act 2006, and under analogous legislation, rules or regulations of other jurisdictions, the Bank may be requested to divulge to a company or its agent the identity of those who the Bank knows or has reasonable cause to believe to be interested in any of that company’s shares.
The Articles of Association of Investec plc permit the directors of Investec plc to allot shares and other securities in accordance with section 80 of the UK Companies Act 1985, up to an amount authorised by the shareholders in general meeting.
If the court sanctions a compromise or arrangement proposed for the purposes of or in connection with a scheme for the reconstruction of the Company or its amalgamation pursuant to section 425 of the UK Companies Act 1985 the Optionholder shall be entitled to exercise his Option during the period of 6 months commencing on the date on which the court sanctions the compromise or arrangement, and thereafter the Option shall lapse and cease to be exercisable.
Notwithstanding any other provision of the Deposit Agreement, the Memorandum and Articles of Association of the Company or applicable English law, each Owner and Beneficial Owner agrees to be bound by and subject to applicable provisions of the U.K. Companies Act, 1985 and the Memorandum and Articles of Association of the Company, summarized below, to the same extent as if such Owner and Beneficial Owner held Shares directly.
Notwithstanding any other provision of this Deposit Agreement, the Memorandum and Articles of Association of the Issuer or applicable English law, each Owner and Beneficial Owner agrees to be bound by and subject to applicable provisions of the U.K. Companies Act, 1985 and the Memorandum and Articles of Association of the Issuer, summarized below, to the same extent as if such Owner and Beneficial Owner held Shares directly.
In the UK, the Company Law Review Steering Group (“CLRSG”) has reviewed the “majority in number” requirement (i.e. headcount test) under section 425(2) of the UK Companies Act 1985.
The same problem existed in the UK Companies Act 1985 but this was remedied in the UKCA 2006 which extends the statutory provisions on variation of class rights of companies with a share capital to companies without a share capital (section 631).
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The Board of Directors may specify the period, if any, after which a Stock Option may be exercised following termination of the Stock Option Holder's employment or service as a director, or as an independent contractor.