Part XI Company administration and procedure
Chapter IV Meetings and Resolutions
Resolutions
C1380 Registration, etc. of resolutions and agreements.
1
A copy of every resolution or agreement to which this section applies shall, within 15 days after it is passed or made, be forwarded to the registrar of companies and recorded by him; and it must be either a printed copy or else a copy in some other form approved by the registrar.
2
Where articles have been registered, a copy of every such resolution or agreement for the time being in force shall be embodied in or annexed to every copy of the articles issued after the passing of the resolution or the making of the agreement.
3
Where articles have not been registered, a printed copy of every such resolution or agreement shall be forwarded to any member at his request on payment of 5 pence or such less sum as the company may direct.
4
This section applies to—
a
special resolutions;
b
extraordinary resolutions;
F1bb
an elective resolution or a resolution revoking such a resolution;
c
resolutions or agreements which have been agreed to by all the members of a company but which, if not so agreed to, would not have been effective for their purpose unless (as the case may be) they had been passed as special resolutions or as extraordinary resolutions;
d
resolutions or agreements which have been agreed to by all the members of some class of shareholders but which, if not so agreed to, would not have been effective for their purpose unless they had been passed by some particular majority or otherwise in some particular manner, and all resolutions or agreements which effectively bind all the members of any class of shareholders though not agreed to by all those members;
e
a resolution passed by the directors of a company in compliance with a direction under section 31(2) (change of name on Secretary of State’s direction);
f
a resolution of a company to give, vary, revoke or renew an authority to the directors for the purposes of section 80 (allotment of relevant securities);
g
a resolution of the directors passed under section 147(2) (alteration of memorandum on company ceasing to be a public company, following acquisition of its own shares);
h
a resolution conferring, varying, revoking or renewing authority under section 166 (market purchase of company’s own shares);
j
a resolution for voluntary winding up, passed under F2section 84(1)(a) of the Insolvency Act;
k
a resolution passed by the directors of an old public company, under section 2(1) of the Consequential Provisions Act, that the company should be re-registered as a public company.
F3l
a resolution of the directors passed by virtue of regulation 16(2) of the Uncertificated Securities Regulations 1995 (which allow title to a company’s shares to be evidenced and transferred without written instrument); and
F3m
a resolution of a company passed by virtue of regulation 16(6) of the Uncertificated Securities Regulations 1995 (which prevents or reverses a resolution of the directors under regulation 16(2) of those Regulations).
5
If a company fails to comply with subsection (1), the company and every officer of it who is in default is liable to a fine and, for continued contravention, to a daily default fine.
C26
If a company fails to comply with subsection (2) or (3), the company and every officer of it who is in default is liable to a fine.
7
For purposes of subsections (5) and (6), a liquidator of a company is deemed an officer of it.