Section 372: Costs of shareholder action

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 14: Control of political donations and expenditure

This section applies in relation to proceedings brought under section 370 in the name of a company ("the company") by an authorised group ("the group").

The group is not entitled to be paid any such costs out of the assets of the company except by virtue of such an order.

If no such order has been made with respect to the proceedings, then—

if the company is awarded costs in connection with the proceedings, or it is agreed that costs incurred by the company in connection with the proceedings should be paid by any defendant, the costs shall be paid to the group; and
if any defendant is awarded costs in connection with the proceedings, or it is agreed that any defendant should be paid costs incurred by him in connection with the proceedings, the costs shall be paid by the group.

In the application of this section to Scotland for "costs" read "expenses" and for "defendant" read "defender".

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.