2007
October 1st
- The required majority for written resolutions under the Companies Act 2006 is now 75% (opposed to 100% under the 1985 Act).
- In relation to written resolutions shareholders can pass them by either signing the paper copy or by signifying their agreement to an electronic version.
- Private companies are now no longer obliged to hold an Annual General Meeting (AGM) provided that there are no such obligations in its articles of association.
- The Companies Act 1985 imposed different notice periods depending on the proposed resolution to be passed. Under the Companies Act 2006 the notice period for all shareholder meetings (regardless of the type of resolution to be passed) is 14 days.