Part 18Acquisition by limited company of its own shares
Chapter 5Redemption or purchase by private company out of capital
Supplementary provisions
723When 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).