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Section 601: Agreement for transfer of non-cash asset: requirement of approval by members

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

Part 17: A company's share capital — Chapter 6: Public companies: independent valuation of non-cash consideration

The following conditions must have been complied with—

the terms of the agreement must have been approved by an ordinary resolution of the company,
copies of the valuer's report must have been circulated to the members entitled to notice of the meeting at which the resolution is proposed, not later than the date on which notice of the meeting is given, and
a copy of the proposed resolution must have been sent to the other party to the proposed agreement.

The reference in subsection (1)(c) to the other party to the proposed agreement is to the person referred to in section 598(1)(a).

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

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