Companies Act 2014 section 1161

Meetings of classes of shareholders

Section 1161 deals with how the rights attached to different classes of shares must be handled when a company division affects those rights.

• Where a company involved in a division has different classes of shares, the variation of rights rules apply to any changes caused by the division
• For companies other than private companies limited by shares, specific variation of rights provisions (sections 982, 1044 or 1250) apply depending on the company type
• For private companies limited by shares, the variation of rights provisions in Chapter 4 of Part 3 of the Act apply instead
• Certain provisions are expressly excluded: section 88(9), section 982(10), and section 89

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