The government has made regulations that extend the relaxations to the company meeting requirements in the Companies Act, which were introduced as a result of the Covid-19 pandemic, to 30 December 2020.

Under the relaxations, which are set out in the Corporate Insolvency and Governance Act 2020 (see our earlier post on this issue), shareholder meetings can take place by electronic or any other means, notwithstanding the provisions contained in the Companies Act 2006 or a company’s articles of association. The participants need not be in the same place and shareholders do not have a right to attend in person.

The regulations also extend certain other temporary measures under the Corporate Insolvency and Governance Act, including the restrictions on issuing statutory demands and winding up petitions, which have been extended to 31 December 2020.

 

Sarah Hawes
Sarah Hawes
+44 20 7466 2953

Caroline Rae
Caroline Rae
+44 20 7466 2916

Gareth Sykes
Gareth Sykes
+44 20 7466 7631