Companies (1990 No. 2 Order) (Commencement No. 1) Order (Northern Ireland) 1991

Elective Resolutions

Transitional provisions relating to annual returns where an election to dispense with an annual general meeting is in force

2.—(1) This paragraph applies where an election is in force, under the provisions of Article 374A of the amended 1986 Order(1), to dispense with the holding of annual general meetings, at a time when Articles 371 to 373 of the amended 1986 Order(2) are not in operation.

(2) Where this paragraph applies:

(a) Article 373 of the unamended 1986 Order shall apply as if paragraph (1) thereof required the company’s annual return for a year to be completed by a date not later than 42 days after the latest date by which the company would have been required to hold an annual general meeting in the absence of the resolution under Article 374A of the amended 1986 Order, and

(b) paragraph 5(a) of Schedule 15 to the 1986 Order shall apply as if the words “on the fourteenth day after the company’s annual general meeting for the year” read “on a date not more than 28 days prior to the date on which the company’s annual return is completed”.

(1)

Article 374A is inserted by Article 50(2) of the 1990 (No. 2) Order Back [1]

(2)

Articles 371 to 373 of the amended 1986 Order are inserted into the 1986 Order by Article 74(1) of the 1990 (No. 2) Order