Section 962 of The Companies Act No. 17 of 2015: Members of companies involved in division can agree to dispense with reports, etc

    

(1) If all members holding shares in, and all persons holding other securities of,the companies involved in the division (being shares or securities that confer a right to vote in general meetings of the company concerned) so agree, the requirements specified in subsection (2) do not apply.
(2) The requirements that may be dispensed with under this section are—(a) the requirements of sections 952, 953, 954 and 956; and
(b) the requirements of section 955 so far as they relate to any document referred to in paragraph (a)(i), (ii) or (iii).
(3) For the purposes of this section—
(a) the members, or holders of other securities, of a company; and
(b) whether shares or other securities carry a right to vote in general meetings of the company, are determined as at the date of the application to the Court under section 926.


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