C1Part 17A company's share capital
Annotations:
Modifications etc. (not altering text)
Chapter 3Allotment of equity securities: existing shareholders' right of pre-emption
Supplementary
575Saving for other restrictions on offer or allotment
1
The provisions of this Chapter are without prejudice to any other enactment by virtue of which a company is prohibited (whether generally or in specified circumstances) from offering or allotting equity securities to any person.
2
Where a company cannot by virtue of such an enactment offer or allot equity securities to a holder of ordinary shares of the company, those shares are disregarded for the purposes of section 561 (existing shareholders' right of pre-emption), so that—
a
the person is not treated as a person who holds ordinary shares, and
b
the shares are not treated as forming part of the ordinary share capital of the company.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2