Clause 79
Convening of extraordinary general meeting on requisition and calling of meetings
of Variable Capital Companies Bill
BillNot in forceProvision 79 of 170
Clause 79
Sections 176 and 177 of the Companies Act apply in relation to a VCC as they apply in relation to a company with a share capital, subject to section 5 and the following modifications:
(a)
a reference to treasury shares in sections 176(1A) and 177(1) of the Companies Act is to shares held by a subsidiary of a VCC under section 22(6) or (11) (if any);
(b)
section 177(4) of the Companies Act is omitted;
(c)
all references relating to a company not having a share capital are omitted.