Explanatory Notes

Companies Act 2006

2006 CHAPTER 46

8 November 2006

Commentary

Part 17: a Company’s Share Capital

Chapter 1: Shares and Share Capital of a Company
Section 545: Companies having a share capital

838.Section 545 is a new provision which makes it clear that references in the Companies Acts (defined in section 2) to a company having a share capital are to company that has power under its constitution to issue shares.