Genie AI

Section 314 Members' Requisition for Circulation of Statement (Regarding Issues to Review at General Meeting) is a legal template that outlines the procedure for members of a company to request the circulation of a written statement to all shareholders prior to a general meeting. This template is applicable under UK law and provides a structured format for members to raise specific concerns or propose resolutions that they believe should be discussed and voted upon during the general meeting.

The template typically includes provisions that specify the requirements for making a valid requisition, such as the minimum number of members needed to support the request, the form and content of the proposed statement, and the timeline for submitting the requisition to the company's board of directors.

By utilizing this legal template, members can exercise their rights to communicate their opinions and proposals to all shareholders in advance of the general meeting, thus ensuring that the issues they consider significant are given due consideration. This template promotes transparency, accountability, and shareholder participation in the decision-making process, helping foster a democratic corporate environment. Moreover, it aids in providing clarity to the company's management and stakeholders regarding the concerns or proposals that require deliberation during the upcoming meeting.

It is important to note that this legal template is not a standalone document but rather a framework that must be customized to align with the specific circumstances and requirements of the company. Consulting legal professionals familiar with UK corporate law is highly recommended to ensure compliance and the fulfilment of the shareholders' rights.

The Section 85 Notice in Gazette of Special Resolution to Put Company into Members Voluntary Liquidation (MVL) template refers to a legal document governed by UK law that provides guidance and a framework for the voluntary liquidation process of a company. Voluntary liquidation typically occurs when a company's directors and/or shareholders decide to wind up the business in an orderly manner, often due to reasons such as the achievement of company objectives, retirement, or lack of profitability.

This template specifically focuses on the process of formally notifying relevant parties and the public about the company's decision to enter into voluntary liquidation. It highlights the requirement to publish a notice in the Gazette, which is the official public record of actions and decisions made by companies and individuals under UK law.

The Section 85 Notice serves as an essential legal document to inform creditors, shareholders, and other interested parties that a special resolution has been passed, authorizing the initiation of the members' voluntary liquidation procedure. The notice includes key information such as the company name, registration details, resolution details, appointment of a liquidator, and the intended timeline for the liquidation process.

By complying with the legal obligations of publishing the Section 85 Notice in the Gazette, the company ensures that all relevant stakeholders are officially informed about the decision to enter into voluntary liquidation. This is crucial to protect the rights and interests of creditors, shareholders, and other parties affected by the company's winding-up process.