Section 98(1)

Where a special resolution by a public company to be re-registered as a private limited company has been passed, an application to the court for the cancellation of the resolution may be made— but not by a person who has consented to or voted in favour of the resolution. by the holders of not less in the aggregate than 5% in nominal value of the company's issued share capital or any class of the company's issued share capital (disregarding any shares held by the company as treasury shares); if the company is not limited by shares, by not less than 5% of its members; or by not less than 50 of the company's members;

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