Section 64
Powers of directors
of Variable Capital Companies Act 2018
ActIn forceProvision 66 of 172
Section 64
Sections 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:
(a)
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.