Section 476 of The Companies Act No. 17 of 2015: Resolution authorising payment: disclosure of directors’ statement and auditor’s report

    

(1) This section applies to a resolution passed by a company under section 474.
(2) The company shall ensure that a copy of the directors' statement andauditor's report under section 482 are made available to its members—
(a) in the case of a written resolution, by being sent or submitted to every eligible member at or before the time at which the proposed resolution is sent or submitted to the member; or
(b) in the case of a resolution at a meeting, by being made available for inspection by members of the company at the meeting.
(3) The resolution is void if subsection (2) is not complied with.


Disclaimer: This document is not to be taken as legal advise.

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