735. Power of members to require company to act

(1) The members of a company may require it to exercise its powers under section 725 (notice requiring information about interests in shares).
(2) A company is required to do so once it has received requests (to the same effect) from members of the company holding at least 10% of such of the paid up capital of the company as carries a right to vote at general meetings of the company (excluding any voting rights attached to any shares in the company held as treasury shares).
(3) A request—
(a) may be in hard copy form or in electronic form,
(b) must—
(i) state that the company is requested to exercise its powers under section 725,
(ii) specify the manner in which the company is requested to act, and
(iii) give reasonable grounds for requiring the company to exercise those powers in the manner specified, and
(c) must be authenticated by the person or persons making it.