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Section 718: Resolution authorising payment: disclosure of directors' statement and auditor's report

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

Part 18: Acquisition by limited company of its own shares — Chapter 5: Redemption or purchase by private company out of capital

This section applies to a resolution under section 716 (resolution authorising payment out of capital for redemption or purchase of own shares).

A copy of the directors' statement and auditor's report under section 714 must be made available to members—

in the case of a written resolution, by being sent or submitted to every eligible member at or before the time at which the proposed resolution is sent or submitted to him;
in the case of a resolution at a meeting, by being made available for inspection by members of the company at the meeting.

The resolution is ineffective if this requirement is not complied with.

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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.