Companies Act 1985 (c. 6)

SCHEDULES

[F1 SCHEDULE [F2 15B] U.K. PROVISIONS SUBJECT TO WHICH SS. 425–427 HAVE EFFECT IN THEIR APPLICATION TO MERGERS AND DIVISIONS OF PUBLIC COMPANIES]

Textual Amendments

F1 Sch. 15A (old) inserted by S.I. 1987/1991, reg. 2(c), Sch. Pt. II

F2 Sch. 15A renumbered by Companies Act 1989 (c. 40, SIF 27), ss. 114(2), 213(2)

Transferor company holding its own shares E+W+S

[F3 7 The court shall not sanction under section 425(2) a compromise or arrangement under which any shares in a transferee company are to be allotted to a transferor company or its nominee in respect of shares in that transferor company held by it or its nominee.]

Textual Amendments

F3 Sch. 15A (old) inserted by S.I. 1987/1991, reg. 2(c), Sch. Pt. II