Section 918(4)

The fourth condition is that— one or more members of that company, who together held not less than 5% of the paid-up capital of the company which carried the right to vote at general meetings of the company (excluding any shares in the company held as treasury shares) would have been able, during that period, to require a meeting of each class of members to be called for the purpose of deciding whether or not to agree to the scheme, and no such requirement was made.

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