Explanatory Notes

Companies Act 2006

2006 CHAPTER 46

8 November 2006

Commentary

Chapter 7: Directors’ Liabilities

Section 238: Right of member to inspect and request copy

439.This section gives members a right to inspect without charge the copies of the qualifying indemnity provisions (or where they are not in writing, the written memorandum of their terms) held by the company in accordance with section 237.

440.This section also creates a new right for members on payment of a fee to request a copy of the copy or memorandum held by the company. The fee will be set by regulations made under section 1137.