Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 6 · Management and Administration
64. Powers of directors
Feedback & supportSections 157A, 157B, 157C, 158 and 159 of the Companies Act 1967 apply in relation to a VCC and a director of a VCC as they apply in relation to a company and a director of a company, subject to section 5 and the following modifications:
VCC
“VCC” or “variable capital company” means a body corporate incorporated as such under this Act;
the reference in section 157C(1)(b) of the Companies Act 1967 to a professional adviser or an expert includes the manager of the VCC; (b)section 159(b) of the Companies Act 1967 is omitted.
expert
“expert” includes an engineer, a valuer, an accountant and any other person whose profession or reputation gives authority to a statement made by him or her;