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Companies Act 2006 Explanatory Notes

Companies Act 2006

2006 CHAPTER 46

Commentary

Part 18: Acquisition by Limited Company of Its Own Shares

Chapter 1: General Provisions
Sections 660 and 661: Shares held by company’s nominee

981.These sections restate sections 144 and 145(1) and (2) of the 1985 Act, but with the clarification that they apply to shares taken by a subscriber to the memorandum as nominee of the company.

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