11-06-2019

Part 30: Protection of Members Against Unfair Prejudice

1265.Sections 994-998 restate sections 459, 460 and 461 of the 1985 Act, which provide a remedy where a company’s affairs are being conducted in a manner which is unfairly prejudicial to the interests of its members.

Section 999: Supplementary provisions where company’s constitution altered

1266.Section 999 is a new section which ensures that, if the court makes an order under Part 30 amending the company’s articles, updated articles are registered and a copy of the court order is supplied with any copies of the articles that are issued by the company, unless they already incorporate the amendments.