Section 940 of The Companies Act No. 17 of 2015: Members of merging companies entitled to inspect merger documents

    

(1) The members of each of the merging companies are, during the relevant period entitled—
(a) to inspect at the registered office of that company copies of the merger documents relating to that company and every other merging company; and
(b) to obtain copies of those documents or any part of them on request free of charge.
(2) For the purpose of this section, the relevant period is the period—
(a) beginning one month before the date of the first meeting of the members, or a specified class of members, of the company for the purposes of approving the scheme; and (b) ending on that date.
(3) The merger documents are the following:
(a) the draft terms;
(b) the directors' explanatory report;
(c) the expert's report;
(d) the company's annual financial statements and reports for the last three financial years ending on or before the first meeting of the members, or a specified class of members, of the company convened for the purposes of approving the scheme;
(e) any supplementary financial statement required by section 939.
(4) Subsections (3)(b) and (c) are subject to section 944.


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

Enhance Your Research with Bookmarks and Annotations

Here's how you can use these features:

  • To bookmark this page, click the "Bookmark this Page" button below the document title.
  • To add an annotation, highlight text in the document and select "Add Annotation" from the toolbar that appears.
  • These features are great for organizing your research and keeping track of key information.
  • You can view and manage your bookmarks and annotations on your Bookmarks and Annotations page.

Cited By:



More Sections