2 minutes

A Notice of Extension of Time to Seek Approval refers to a legal document that signifies an extension granted to the company to seek approval for a particular action or decision within a specified timeframe.

In certain situations, a company may be required to seek approval for certain matters from relevant authorities, regulatory bodies, shareholders, or other stakeholders. This could include seeking approval for transactions, changes in company structure, financial arrangements, or other significant actions.

If the company is unable to meet the original deadline for seeking such approval, it may submit a request for an extension of time. The request typically outlines the reasons for the delay and provides justification for the extension. If the extension is granted, a Notice of Extension of Time to Seek Approval is issued.

The Notice of Extension of Time to Seek Approval serves as an official notification to the relevant parties that the company has been granted additional time to obtain the necessary approvals. It provides transparency and ensures that stakeholders are aware of the revised timeline for seeking approval.

The notice may specify the new deadline or timeframe within which the company must obtain the required approval. It is important for the company to adhere to this extended timeframe and fulfill any obligations or requirements associated with the approval process.

Creditors, shareholders, regulatory bodies, and other interested parties should review the Notice of Extension of Time to Seek Approval to understand the revised timeline and any implications it may have on the company’s actions or decisions. It allows stakeholders to stay informed about the company’s progress in obtaining the necessary approvals and ensures compliance with relevant regulations or agreements.

These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.