13DDuty to notify members of compliance with directions

13D Duty to notify members of compliance with directions

[Section 13D Inserted by No. 18 of 2025, s. 60, Applied:01 Jan 2026] If the board of directors or a subsidiary board is given a direction under section 13A in respect of a Company or its subsidiary, the relevant board must notify the members, in writing, of the progress of the Company, or its subsidiary, in complying with the direction –

(a) at the intervals specified in the direction; and

(b) when, in the opinion of the relevant board, the Company or subsidiary has complied with the direction in full.