Section 152

Where a member holds shares in a company on behalf of more than one person— need not all be exercised, and if exercised, need not all be exercised in the same way. rights attached to the shares, and rights under any enactment exercisable by virtue of holding the shares, A member who exercises such rights but does not exercise all his rights, must inform the company to what extent he is exercising the rights. A member who exercises such rights in different ways must inform the company of the ways in which he is exercising them and to what extent they are exercised in each way. If a member exercises such rights without informing the company— the company is entitled to assume that he is exercising all his rights and is exercising them in the same way. that he is not exercising all his rights, or that he is exercising his rights in different ways,

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Source: legislation.gov.uk · retrieved 2026-09-04