Company Law Changes Affecting Owners’ Management Companies

With effect from Friday 21 August, OMCs may hold AGMs and voting electronically, notwithstanding the provisions of a company’s constitution.

AGMs due in 2020 may be deferred to a date up to the end of this year, irrespective of other company law timing requirements.
These measures facilitate the passing of budgets, setting services charges and conduct of other business during the pandemic period without an in person meeting of members/owners at a physical venue.

Changes apply on an interim basis to 31 December 2020, with the potential for extension.

The press link to their website which you will be able to pull bullets points off is here with legislation


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Categories: Landlord Legislation and News.