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Companies Act 1985

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Changes to legislation:

Companies Act 1985, Part IV is up to date with all changes known to be in force on or before 16 June 2019. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.

Changes and effects yet to be applied to the whole Act associated Parts and Chapters:

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Changes and effects

This section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.

Whole provisions yet to be inserted into this Act (including any effects on those provisions):

  • s. 380(4ZB) inserted by 2006 c. 50 Sch. 8 para. 75(3) (This amendment not applied to legislation.gov.uk. Sch. 8 para. 75 repealed (1.10.2009) by S.I. 2009/1941, arts. 1, 2(2), Sch. 2)
  • s. 396(1)(a)(ii) words repealed (cond.) by 2000 asp 5 Sch. 12 para. 46(2)(a)(3)(4) Sch. 13 Pt. 1 (The commencement of sch. 12 para. 46(2)(a) is conditional upon whether or not Companies Act, 1989 (c. 40), s. 92 is in force, see sch. 12 para. 46(3)(4). 1989 c. 40, Pt. 4 (ss. 92-107) was repealed without ever being in force (1.10.2009) by 2006 c. 46, s. 1180, Sch. 16; S.I. 2008/2860, arts. 3, 4, Sch. 1)

Part IVE+W+S Allotment of Shares and Debentures

General provisions as to allotmentE+W+S

80 Authority of company required for certain allotments.E+W+S

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Amendments (Textual)

80A Election by private company as to duration of authority.E+W+S

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Amendments (Textual)

81 Restriction on public offers by private company.E+W+S

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Amendments (Textual)

82 Application for, and allotment of, shares and debentures.E+W+S

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Amendments (Textual)

83 No allotment unless minimum subscription received.E+W+S

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

84 Allotment where issue not fully subscribed.E+W+S

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

85 Effect of irregular allotment.E+W+S

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Amendments (Textual)

86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S

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Amendments (Textual)

87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S

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Amendments (Textual)

88 Return as to allotments, etc.E+W+S

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

Pre-emption rightsE+W+S

89 Offers to shareholders to be on pre-emptive basis.E+W+S

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

90 Communication of pre-emption offers to shareholders.E+W+S

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

91 Exclusion of ss. 89, 90 by private company.E+W+S

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

92 Consequences of contravening ss. 89, 90.E+W+S

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

93 Saving for other restrictions as to offers.E+W+S

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

94 Definitions for ss. 89-96.E+W+S

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Amendments (Textual)

95 Disapplication of pre-emption rights.E+W+S

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Amendments (Textual)

96 Saving for company’s pre-emption procedure operative before 1982.E+W+S

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Amendments (Textual)

Commissions and discountsE+W+S

97 Power of company to pay commissions.E+W+S

F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

98 Apart from s. 97, commissions and discounts barred.E+W+S

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Amendments (Textual)

Amount to be paid for shares; the means of paymentE+W+S

99 General rules as to payment for shares on allotment.E+W+S

F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

100 Prohibition on allotment of shares at a discount.E+W+S

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Amendments (Textual)

101 Shares to be allotted as at least one-quarter paid-up.E+W+S

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

102 Restriction on payment by long-term undertaking.E+W+S

F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

103 Non-cash consideration to be valued before allotment.E+W+S

F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

104 Transfer to public company of non-cash asset in initial period.E+W+S

F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

105 Agreements contravening s. 104.E+W+S

F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

106 Shares issued to subscribers of memorandum.E+W+S

F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

107 Meaning of “the appropriate rate”.E+W+S

F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

Valuation provisionsE+W+S

108 Valuation and report (s. 103).E+W+S

F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

109 Valuation and report (s. 104).E+W+S

F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

110 Entitlement of valuer to full disclosure.E+W+S

F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

111 Matters to be communicated to registrar.E+W+S

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

Other matters arising out of allotment &c.E+W+S

111A Right to damages, &c. not affected.E+W+S

F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

112 Liability of subsequent holders of shares allotted.E+W+S

F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

113 Relief in respect of certain liabilities under ss. 99 ff.E+W+S

F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

114 Penalty for contravention.E+W+S

F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Amendments (Textual)

115 Undertakings to do work, etc.E+W+S

F38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.

Amendments (Textual)

116 Application of ss. 99 ff to special cases.E+W+S

F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.

Amendments (Textual)

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