The court noted that this power was largely similar to that now found in sections 793 -- 797 of the Companies Act 2006 , save that under the statute the power is vested in the courts .
Under the articles of JKX the power was vested in the board .
The court noted that this power was largely similar to that now found in sections 793 -- 797 of the Companies Act 2006 , save that under the statute the power is vested in the courts whereas under the articles of JKX the power was vested in the board .