1. Companies Act 1985, s 317(1). Statutory provisions similar to s 317 are common to other jurisdictions in the Commonwealth as well; see, eg s 191(1), Corporations Act 2001 (Australia); s 40 Companies Act 1993 (New Zealand); and s 156, Companies Act (Cap 50, 1994 revised edn, Singapore).
2. Seeinfrann 14–15 and accompanying text.