C4C2Part 18Acquisition by limited company of its own shares

Annotations:
Modifications etc. (not altering text)
C4

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Chapter 1General provisions

Shares held by or for public company

C1C3665Issue of certificate of incorporation on re-registration

1

If on an application under section 664 the registrar is satisfied that the company is entitled to be re-registered as a private company, the company shall be re-registered accordingly.

2

The registrar must issue a certificate of incorporation altered to meet the circumstances of the case.

3

The certificate must state that it is issued on re-registration and the date on which it is issued.

4

On the issue of the certificate—

a

the company by virtue of the issue of the certificate becomes a private company, and

b

the changes in the company's name and articles take effect.

5

The certificate is conclusive evidence that the requirements of this Act as to re-registration have been complied with.