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Companies Consolidation (Consequential Provisions) Act 1985 (repealed)
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Changes over time for: Section 6
Version Superseded: 12/05/2011
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- 01/02/1991- Amendment
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Point in time - 12/05/2011- Amendment
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6 Shares of old public company held by itself; charges on own shares.E+W+S
(1)The following has effect notwithstanding section 1(2).
(2)References to a public company in sections 146 to 149 of the principal Act (treatment of a company’s shares when acquired by itself) do not include an old public company; and references in those sections to a private company are to be read accordingly.
(3)In the case of a company which after 22nd March 1982 remained an old public company and did not before that date apply to be re-registered under section 8 of the Act of 1980 as a public company, any charge on its own shares which was in existence on or immediately before that date is a permitted charge for the purposes of Chapter V of Part V of the principal Act and accordingly not void under section 150 of that Act.
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