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Companies Act 1985

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Changes to legislation:

Companies Act 1985, Part V is up to date with all changes known to be in force on or before 24 November 2024. 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. Help about Changes to Legislation

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Changes and effects yet to be applied to the whole Act associated Parts and Chapters:

Whole provisions yet to be inserted into this Act (including any effects on those provisions):

  • s. 380(4ZB) inserted by 2006 c. 50 Sch. 8 para. 75(3) (This amendment not applied to legislation.gov.uk. Sch. 8 para. 75 repealed (1.10.2009) by S.I. 2009/1941, arts. 1, 2(2), Sch. 2)
  • s. 396(1)(a)(ii) words repealed (cond.) by 2000 asp 5 Sch. 12 para. 46(2)(a)(3)(4) Sch. 13 Pt. 1 (The commencement of sch. 12 para. 46(2)(a) is conditional upon whether or not Companies Act, 1989 (c. 40), s. 92 is in force, see sch. 12 para. 46(3)(4). 1989 c. 40, Pt. 4 (ss. 92-107) was repealed without ever being in force (1.10.2009) by 2006 c. 46, s. 1180, Sch. 16; S.I. 2008/2860, arts. 3, 4, Sch. 1)
  • Sch. 15D para. 17(n) inserted by 2024 c. 13 Sch. 30 para. 6

Part VU.K. Share Capital, its Increase, Maintenance and Reduction

Chapter IE+W+S General Provisions about Share Capital

117 Public company share capital requirements.E+W+S

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

118 The authorised minimum.E+W+S

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

119 Provision for different amounts to be paid on shares.E+W+S

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

120 Reserve liability of limited company.E+W+S

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

121 Alteration of share capital (limited companies).E+W+S

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

122 Notice to registrar of alteration.E+W+S

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

123 Notice to registrar of increased share capital.E+W+S

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

124 Reserve capital of unlimited company.E+W+S

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

Chapter IIE+W+S Class Rights

125 Variation of class rights.E+W+S

(1)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

126 Saving for court’s powers under other provisions.E+W+S

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

127 Shareholders’ right to object to variation.E+W+S

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

128Registration of particulars of special rights.E+W+S

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

129 Registration of newly created class rights.E+W+S

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F15F15Chapter IIIE+W+S Share Premiums

Textual Amendments

130. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

131. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

132. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

134. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F20F20Chapter IVE+W+S Reduction of Share Capital

Textual Amendments

135. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

136. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

137. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

138. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

139. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

140. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

141. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F24F24Chapter VE+W+S Maintenance of Capital

Textual Amendments

142. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

143. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

144. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

145. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

146. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

147. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

148. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

149. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

150. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F31F31Chapter VIE+W+S Financial Assistance by a Company for Acquisition of its Own Shares

Textual Amendments

Provisions applying to both public and private companiesE+W+S

151. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
152. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
153. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
154. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Private companiesE+W+S

155. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
156. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
157. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
158. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F40F40Chapter VIIE+W+S Redeemable Shares; Purchase by a Company of its Own Shares

Textual Amendments

Redemption and purchase generallyE+W+S

159. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F41159A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
160. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
161. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
162G. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
163. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
164. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
165. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
166. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
167. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
168. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
169. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
169A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
170. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Redemption or purchase of own shares out of capital (private companies only)E+W+S

171. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
172. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
173. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
174. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
175. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
176. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
177. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SupplementaryE+W+S

178. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
179. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
180. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
181. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Chapter VIIIU.K. Miscellaneous Provisions about Shares and Debentures

Share and debenture certificates, transfers and warrantsE+W+S

182 Nature, transfer and numbering of shares.E+W+S

F77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

183 Transfer and registration.E+W+S

F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

184 Certification of transfers.E+W+S

F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

185 Duty of company as to issue of certificates.E+W+S

F80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

186 Certificate to be evidence of title.E+W+S

F81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

187 Evidence of grant of probate or confirmation as executor.E+W+S

F82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

188 Issue and effect of share warrant to bearer.E+W+S

F83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

189 Offences in connection with share warrants (Scotland).E+W+S

F84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

DebenturesU.K.

190 Register of debenture holders.U.K.

F85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

191 Right to inspect register.E+W+S

F86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

192 Liability of trustees of debentures.E+W+S

F87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

193 Perpetual debentures.E+W+S

F88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

194 Power to re-issue redeemed debentures.E+W+S

F89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

195 Contract to subscribe for debentures.E+W+S

F90. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

196 Payment of debts out of assets subject to floating charge (England and Wales).E+W+S

F91. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

197 Debentures to bearer (Scotland).E+W+S

F92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yn ôl i’r brig

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