Companies Act 2014 section 1126

Inspectors — minimum number of members that may apply for their appointment in the case of a PLC

Section 1126 sets out the minimum number of company members required to apply to the court for the appointment of an inspector to investigate the affairs of a public limited company (PLC).

• Under Section 747, members of a company may apply to the court for the appointment of an inspector to investigate the company's affairs.
• For a PLC, Section 1126 modifies the general rule by specifying a minimum threshold of 100 members to make such an application.
• This higher threshold reflects the typically larger membership base of a PLC compared to a private company.
• Apart from this specific change to the member threshold, the remaining provisions of Section 747 apply to a PLC in the same way as they do to other companies.