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Legislation
Companies Act 2006

Crossheading Requirements applicable to merger

  • Section 905 Draft terms of scheme (merger)
  • Section 906 Publication of draft terms by registrar(merger)
  • Section 906A Publication of draft terms on company website (merger)
  • Section 907 Approval of members of merging companies
  • Section 908 Directors' explanatory report (merger)
  • Section 909 Expert's report (merger)
  • Section 910 Supplementary accounting statement (merger)
  • Section 911 Inspection of documents (merger)
  • Section 911A Publication of documents on company website (merger)
  • Section 911B Report on material changes of assets of merging companies
  • Section 912 Approval of articles of new transferee company (merger)
  • Section 913 Protection of holders of securities to which special rights attached (merger)
  • Section 914 No allotment of shares to transferor company or its nominee (merger)
  1. Requirements applicable to merger
  2. Approval of members of merging companies

Section 907 | Approval of members of merging companies

From legislation.gov.uk

(1)The scheme must be approved by a majority in number, representing 75% in value, of each class of members of each of the merging companies, present and voting either in person or by proxy at a meeting.

(2)This requirement is subject to sections 916, 917, 917A and 918 (circumstances in which meetings of members not required).F1

Notes

  1. F1

    Word in s. 907(2) inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 36(3) (with ss. 2(2), 5(2))

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