Companies Act 2006 (c. 46)

Part 18 Acquisition by limited company of its own shares

Chapter 5 Redemption or purchase by private company out of capital

Supplementary provisions

723 When payment out of capital to be made

(1) The payment out of capital must be made—

(a) no earlier than five weeks after the date on which the resolution under section 716 is passed, and

(b) no more than seven weeks after that date.

(2) This is subject to any exercise of the court’s powers under section 721(5) (power to alter or extend time where resolution confirmed after objection).