RBS 2007 Annual Report Download - page 249
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247
RBS Group • Annual Report and Accounts 2007
Shareholder information
Exchange controls
The company has been advised that there are currently no UK
laws, decrees or regulations which would prevent the import or
export of capital, including the availability of cash or cash
equivalents for use by the Group, or the remittance of
dividends, interest or other payments to non-UK resident
holders of the company’s securities.
There are no restrictions under the Articles of Association of
the company or under UK law, as currently in effect, which limit
the right of non-UK resident owners to hold or, when entitled to
vote, freely to vote the company’s securities.
Memorandum and Articles of Association
The company’s Memorandum of Association and Articles of
Association as in effect at the date of this annual report are
registered with the Registrar of Companies of Scotland. The
Articles of Association were last amended on 29 April 2004
and have been filed with the SEC.
A resolution amending the Articles of Association will be
proposed at the Annual General Meeting to be held on 23 April
2008. The proposed amendments are designed to update the
Articles of Association primarily to take account of changes in
company law introduced by the Companies Act 2006.
For a description of certain provisions of the company’s
Memorandum and Articles, see the ‘Additional Information –
Memorandum and Articles of Association’ section of the
company’s Annual Report on Form 20-F for the fiscal year
ended 31 December 2004.
Incorporation and registration
The company was incorporated and registered in Scotland
under the Companies Act 1948 as a limited company on 25
March 1968 under the name National and Commercial Banking
Group Limited. On 10 March 1982, it changed its name to its
present name and was registered under the Companies Acts
1948 to 1980 as a public company with limited liability. The
company is registered under Company No. SC 45551.
Code of ethics
As discussed on page 95, the Group has adopted a code of
ethics that is applicable to all of the Group’s employees, which
will be provided to any person without charge, upon request,
by contacting Group Secretariat at the telephone number listed
on page 248.