Part 27 U.K.Mergers and divisions of public companies

Modifications etc. (not altering text)

C1 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

C2 Pt. 27 applied (6.4.2008) by S.I. 2001/1228, Sch. 6 paras. 5, 6 (as amended by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 3(1), Sch. 1 para. 223(4) (with arts. 6, 11, 12))

C3 Pt. 27 applied (6.4.2008) by 2000 c. 8, s. 105(5) (as substituted by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 3(1), Sch. 1 para. 211(1) (with arts. 6, 11, 12))

Chapter 3 U.K.Division

Requirements to be complied with in case of division U.K.

[F1 930No allotment of shares to transferor company or its nominee (division) U.K.

The scheme must not provide for any shares in a transferee company to be allotted to—

(a) the transferor company (or its nominee) in respect of shares in the transferor company held by the transferor company itself (or its nominee); or

(b) a transferee company (or its nominee) in respect of shares in the transferor company held by the transferee company (or its nominee).]

Textual Amendments

F1 S. 930 substituted (6.4.2008) by The Companies (Mergers and Divisions of Public Companies) (Amendment) Regulations 2008 (S.I. 2008/690), reg. 4