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Companies Consolidation (Consequential Provisions) Act 1985

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This is the original version (as it was originally enacted).

9Payment for share capital

(1)Subject as follows, sections 99, 101 to 103, 106, 108 and 110 to 115 in Part IV of the principal Act apply to a company whose directors have passed and not revoked a resolution to be re-registered under section 2 of this Act, as those sections apply to a public company.

(2)Sections 99, 101 to 103, 108 and 112 of the principal Act do not apply to the allotment of shares by a company, other than a public company registered as such on its original incorporation, where the contract for the allotment was entered into—

(a)except in a case falling within the following paragraph, on or before 22nd June 1982 ;

(b)in the case of a company re-registered or registered as a public company in pursuance of—

(i)a resolution to be re-registered under section 43 of the principal Act,

(ii)a resolution to be re-registered under section 2 of this Act, or

(iii)a resolution by a joint stock company that the company be a public company,

being a resolution that was passed on or before 22nd June 1982, before the date on which the resolution was passed.

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