Part 13Resolutions and meetings
Chapter 3Resolutions at meetings
Members' statements
315Company’s duty to circulate members' statement
1
A company that is required under section 314, to circulate a statement must send a copy of it to each member of the company entitled to receive notice of the meeting—
a
in the same manner as the notice of the meeting, and
b
at the same time as, or as soon as reasonably practicable after, it gives notice of the meeting.
2
Subsection (1) has effect subject to section 316(2) (deposit or tender of sum in respect of expenses of circulation) and section 317 (application not to circulate members' statement).
3
In the event of default in complying with this section, an offence is committed by every officer of the company who is in default.
4
A person guilty of an offence under this section is liable—
a
on conviction on indictment, to a fine;
b
on summary conviction, to a fine not exceeding the statutory maximum.