C1Part 18Acquisition by limited company of its own shares
Chapter 4Purchase of own shares
Supplementary provisions
C2702Copy of contract or memorandum to be available for inspection
1
This section applies where a company has entered into—
a
a contract approved under section 694 (authorisation of contract for off-market purchase), or
b
a contract for a purchase authorised under section 701 (authorisation of market purchase).
2
The company must keep available for inspection—
a
a copy of the contract, or
b
if the contract is not in writing, a written memorandum setting out its terms.
3
The copy or memorandum must be kept available for inspection from the conclusion of the contract until the end of the period of ten years beginning with—
a
the date on which the purchase of all the shares in pursuance of the contract is completed, or
b
the date on which the contract otherwise determines.
4
The copy or memorandum must be kept available for inspection—
a
at the company's registered office, or
b
at a place specified in regulations under section 1136.
5
The company must give notice to the registrar—
a
of the place at which the copy or memorandum is kept available for inspection, and
b
of any change in that place,
unless it has at all times been kept at the company's registered office.
6
Every copy or memorandum required to be kept under this section must be kept open to inspection without charge—
a
by any member of the company, and
b
in the case of a public company, by any other person.
7
The provisions of this section apply to a variation of a contract as they apply to the original contract.
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