Explanatory Notes

Companies Act 2006

2006 CHAPTER 46

8 November 2006


Part 15: Accounts and Reports

Chapter 1: Introduction
Companies subject to the small companies regime
Section 385: Quoted and unquoted companies

638.The definitions of quoted and unquoted company in this section are equivalent to the definition of “quoted company” in section 262 of the 1985 Act. A power is conferred to amend the definition of “quoted company” by regulations. If the regulations extend the application of this Part then they will be subject to affirmative resolution procedure. Otherwise they are subject to negative resolution procedure.