Companies Act 2006, Section 595 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)Section 593 (valuation of non-cash consideration) does not apply to the allotment of shares by a company [F2 as part of a scheme to which Part 27 (mergers and divisions of public companies) applies if—
(a)in the case of a scheme involving a merger, an expert's report is drawn up as required by section 909, or
(b)in the case of a scheme involving a division, an expert's report is drawn up as required by section 924.]
(2)F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 595: words in heading inserted (1.8.2011 with application in accordance with reg. 1(2)) by The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011 (S.I. 2011/1606), reg. 2(4)
F2Words in s. 595(1) substituted (1.8.2011 with application in accordance with reg. 1(2)) by virtue of The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011 (S.I. 2011/1606), reg. 2(2)
F3S. 595(2)(3) omitted (1.8.2011 with application in accordance with reg. 1(2)) by virtue of The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011 (S.I. 2011/1606), reg. 2(3)
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