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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2015 - onwards
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211. Moratorium on certain restricted activities being carried on and applications to court to cancel special resolution

(1) This section shall apply unless the restricted activity -

(a) is to effect a merger; or

(b) has the authority of a special resolution referred to in section 202(1)(a)(i) passed by the means provided under section 193.

(2) Unless one or more members who hold, or together hold, more than 90 per cent in nominal value of each class of issued shares of the company and entitled to vote at general meetings of the company have voted in favour of the special resolution referred to in section 202(1)(a), the company shall not proceed to carry on the restricted activity -

(a) subject to paragraph (b), until the expiry of 30 days after the date on which the special resolution has been passed; or

(b) if an application under subsection (3) is made, until the application has been disposed of by the court (and then only (unless the application is withdrawn) to the extent, if any, that authority for its being proceeded with is provided by a confirmation of the special resolution by the court on that

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