Companies Act 2014 section 1093

Application of section 193 in relation to PLC

Section 1093 deals with how the rules on unanimous written resolutions apply to public limited companies (PLCs), and the ability of a PLC's constitution to override those rules.

• Section 193, which permits members to pass unanimous written resolutions without holding a formal meeting, applies to PLCs.
• This applies notwithstanding any other provision in the Companies Act 2014 that might suggest otherwise.
• However, unlike a private company limited by shares, a PLC's constitution may provide that unanimous written resolutions are not permitted or may restrict their use.
• Where the PLC's constitution does contain such a provision, the constitution takes precedence over the default rule allowing written resolutions.