SCHEDULES

SCHEDULE 15AWRITTEN RESOLUTIONS OF PRIVATE COMPANIES

PART IIADAPTATION OF PROCEDURAL REQUIREMENTS

Article 345 (funding of director's expenditure in performing his duties)

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In relation to a written resolution giving approval under Article 345(3)(a) (funding a director's expenditure in performing his duties), the requirement of that provision that certain matters be disclosed at the meeting at which the resolution is passed does not apply, but those matters must be disclosed to each relevant member at or before the time at which the resolution is supplied to him for signature.