Members’ Accompanying Statement to Written Resolution

IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW. 

Use this template statement where members are proposing a written resolution under section 292 of the Companies Act 2006 and require the company to circulate an accompanying statement of up to 1,000 words on the subject matter of the resolution.

This statement should be circulated with the resolution or resolutions.

When this accompanying statement is used

A written resolution may be proposed by either the directors or the members. In general, it will be proposed by the directors who manage and run the company.

This template relates to a resolution proposed by the members, which will usually only be the case where the directors will not propose a resolution and the members wish to force a resolution through against the directors’ wishes.

Court application where the process is being abused

Note that a company (or another person who claims to be aggrieved) may make an application to the court that the rights conferred on members to propose a written resolution are being abused by this process.

Members’ Accompanying Statement to Written Resolution is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.