REPORT TITLE Change to Memorandum Articles of Association DATE 4 August 2009 DIRECTOR OF FINANCE

Document Sample
REPORT TITLE Change to Memorandum Articles of Association DATE 4 August 2009 DIRECTOR OF FINANCE Powered By Docstoc
					                                                          


REPORT TITLE:         Change to Memorandum & Articles of Association

DATE:                 4 August 2009

DIRECTOR OF
FINANCE:                                                 Agenda Item No:           7
                             John Comiskey

CHIEF EXECUTIVE:                                         Report Ref:          ELREP594
                              Keith Jackson




1.   Purpose
     For the members of the company to consider a proposed change to the Memorandum
     and Articles of Association.


2.   Decision Required
     Yes


3.   Recommendations
     To remove the formal requirement to hold an Annual General Meeting from the
     Memorandum and Articles of Association.


4.   Background
     The Companies Act 2006 removed the requirement for private companies to hold a formal
     Annual General Meeting. The business previously conducted at the AGM would in future
     be undertaken in an Ordinary General Meeting.
     The rationale for making this change is to remove some of the formality and
     administrative burden that accompanies the holding of an AGM.
     The change requires an alteration to the Memorandum and Articles of Association
     which in itself requires approval by the company members (as opposed to Board) in
     a General Meeting.
     The proposed new wording itself was circulated to the members via e-mail on 13
     July. Further copies are of course available on request.


5.   Further details can be obtained from:

     John Comiskey on tel. 650 1001 or by email at
     johncomiskey@edinburghleisure.co.uk




                                              [1]
      

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:85
posted:12/16/2010
language:English
pages:1
Description: Change of Memorandum of Association document sample