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Political Parties, Elections and Referendums Act 2000

New Section 347K : Information for purposes of shareholder action

280.Section 347K provides that the authorised group of members of a company is entitled, once the action is commenced, to be provided by the company with all information possessed by it, under its control or obtainable by it and relating to the subject matter of the action. Under subsection (2), this right may be enforced by the authorised group by application to the court for an order directing the company, and any officers or employees specified in the application, to disclose to the group all or any such information in such form and by such means as the court may direct.

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