Search Legislation

Companies Act 2006

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Cross Heading: Right to issue restrictions notice

 Help about opening options

Version Superseded: 04/03/2024

Alternative versions:

Status:

Point in time view as at 01/12/2023.

Changes to legislation:

Companies Act 2006, Cross Heading: Right to issue restrictions notice is up to date with all changes known to be in force on or before 08 June 2025. 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

[F1Right to issue restrictions noticeU.K.

Textual Amendments

F1Schs. 1A, 1B inserted (26.5.2015 for specified purposes, 6.4.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 2; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, reg. 4(a)

1 (1)This paragraph applies if—U.K.

(a)a notice under section 790D [F2or 790E] [F2, 790DA, 790E or 790EA] is served by a company on a person who has a relevant interest in the company, and

(b)the person fails to comply with that notice within the time specified in it.

(2)The company may give the person a notice under this paragraph (a “warning notice”) informing the person that it is proposing to issue the person with a notice (a “restrictions notice”) with respect to the relevant interest.

(3)The company may issue the restrictions notice if, by the end of the period of one month beginning with the date on which the warning notice was given—

(a)the person has not complied with the notice served under section 790D [F3or 790E] [F3, 790DA, 790E or 790EA], and

(b)the company has not been provided with a valid reason sufficient to justify the person's failure to comply with the notice served under that section.

(4)A restrictions notice is issued on a person by sending the notice to the person.

(5)The effect of a restrictions notice is set out in paragraph 3.

(6)In deciding whether to issue a restrictions notice, the company must have regard to the effect of the notice on the rights of third parties in respect of the relevant interest.]

Textual Amendments

F2Words in Sch. 1B para. 1(1)(a) substituted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 20(2)(a)

F3Words in Sch. 1B para. 1(3)(a) substituted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 20(2)(a)

Modifications etc. (not altering text)

Back to top

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?