C1Part 13Resolutions and meetings

Annotations:
Modifications etc. (not altering text)

Chapter 6Records of resolutions and meetings

357Records of decisions by sole member

1

This section applies to a company limited by shares or by guarantee that has only one member.

2

Where the member takes any decision that—

a

may be taken by the company in general meeting, and

b

has effect as if agreed by the company in general meeting,

he must (unless that decision is taken by way of a written resolution) provide the company with details of that decision.

3

If a person fails to comply with this section he commits an offence.

4

A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 2 on the standard scale.

5

Failure to comply with this section does not affect the validity of any decision referred to in subsection (2).