New Clause 37
Company Law Reform Bill [Lords]
1:45 pm
Traded companies: nomination of person to enjoy information rights
‘(1) This section applies to a company whose shares are admitted to trading on a regulated market.
(2) A member of such a company who holds shares on behalf of another person may nominate that person to enjoy information rights.
(3) “Information rights” means—
(a) the right to receive a copy of all communications that the company sends to its members generally or to any class of its members that includes the person making the nomination, and
(b) the rights conferred by—
(i) section 415 or 416 (right to require copies of accounts and reports), and
(ii) section 797 (right to require hard copy version of document or information provided in another form).
(4) A company need not act on a nomination purporting to relate to certain information rights only.’.—[Margaret Hodge.]