C4C2Part 18Acquisition by limited company of its own shares

Annotations:
Modifications etc. (not altering text)
C4

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Chapter 1General provisions

Shares held by or for public company

C1C3664Re-registration as private company in consequence of cancellation

1

Where a company is obliged to re-register as a private company to comply with section 662, the directors may resolve that the company should be so re-registered.

Chapter 3 of Part 3 (resolutions affecting a company's constitution) applies to any such resolution.

2

The resolution may make such changes—

a

in the company's name, and

b

in the company's articles,

as are necessary in connection with its becoming a private company.

3

The application for re-registration must contain a statement of the company's proposed name on re-registration.

4

The application must be accompanied by—

a

a copy of the resolution (unless a copy has already been forwarded under Chapter 3 of Part 3),

b

a copy of the company's articles as amended by the resolution, and

c

a statement of compliance.

5

The statement of compliance required is a statement that the requirements of this section as to re-registration as a private company have been complied with.

6

The registrar may accept the statement of compliance as sufficient evidence that the company is entitled to be re-registered as a private company.