(1) The members who requested the circulation of the resolution need not paythe expenses of the company in complying with section 313 if requests sufficient to require the company to circulate it are received before the end of the financial year preceding the meeting.
(2) If subsection (1) does not apply, then—
(a) unless the company otherwise resolves, the members who requested the circulation of the resolution shall pay the expenses of the company in complying with section 313; and
(b) unless the company has previously so resolved, it is not bound to comply with section 313 unless not later than—
(i) six weeks before the annual general meeting to which the request relates; or
(ii) if later, the time at which the notice is given of that meeting, an amount reasonably sufficient to meet its expenses in complying with that section is deposited with or tendered to it.
(2) If subsection (1) does not apply, then—
(a) unless the company otherwise resolves, the members who requested the circulation of the resolution shall pay the expenses of the company in complying with section 313; and
(b) unless the company has previously so resolved, it is not bound to comply with section 313 unless not later than—
(i) six weeks before the annual general meeting to which the request relates; or
(ii) if later, the time at which the notice is given of that meeting, an amount reasonably sufficient to meet its expenses in complying with that section is deposited with or tendered to it.
Check the current authoritative text and amendment history before relying on a provision.