20D

Duty to notify members of compliance with directions

Current

If the Board or a subsidiary board is given a direction under section 20A in respect of the Company or its subsidiary, the relevant board must notify the members, in writing, of the progress of the Company, or subsidiary, in complying with the direction –

at the intervals specified in the direction; and when, in the opinion of the relevant board, the Company or subsidiary has complied with the direction in full.

This Act’s bill:Explanatory notes Second reading speech

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