656 Public companies: duty of directors to call meeting on serious loss of capital
Companies Act 2006 (2006 c 46) | Legislation

656  Public companies: duty of directors to call meeting on serious loss of capital

(1)     Where the net assets of a public company are half or less of its called-up share capital, the directors must call a general meeting of the company to consider whether any, and if so what, steps should be taken

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