Schedule 2: Sections of this Act that confer powers on directors that cannot be delegated
You could also call this:
“List of company decisions that only directors can make”
This schedule lists specific sections of the Companies Act 1993 that give company directors powers they can’t give to someone else. These powers cover important decisions about the company, like changing its name, issuing shares, and approving financial matters.
Some of the powers directors can’t delegate include changing the company’s name, issuing new shares, deciding how much shares should cost, and giving out dividends. They also can’t let others make decisions about buying back shares, helping the company financially, or changing where the company is registered.
Other powers that directors must keep for themselves include approving mergers with other companies and making changes to the company’s contact details. These rules make sure that important decisions about the company are always made by the directors themselves.