---

Company Law Reform Bill [HL]

The Bill removes the distinction between extraordinary resolutions, requiring a majority of 75 per cent of the members and 14 days’ notice, and special resolutions, because it reduces the length of notice needed for a special resolution, requiring a majority of 75 per cent and 21 days’ notice. Accordingly, in restated clauses reference to extraordinary resolutions have become references to special resolutions. Therefore, there is no need for a reference to extraordinary resolutions in Clause 30, as the Bill provides that special resolutions require 14 days’ notice. The distinct category of extraordinary resolutions is unnecessary and hence Clause 30 does not operate in relation to them.