Companies Act 2006

Supplementary provisions U.K.

558 When shares are allotted U.K.

For the purposes of the Companies Acts shares in a company are taken to be allotted when a person acquires the unconditional right to be included in the company's register of members[F1 (or, as the case may be, to have the person's name and other particulars delivered to the registrar under Chapter 2A of Part 8 and registered by the registrar)] in respect of the shares.

Textual Amendments

F1 Words in s. 558 inserted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 5 para. 20; S.I. 2016/321, reg. 6(c)

Modifications etc. (not altering text)

C1 S. 558 applied (6.4.2007) by The Companies Acts (Unregistered Companies) Regulations 2007 (S.I. 2007/318), reg. 3, Sch. (with reg. 6)

Commencement Information

I1 S. 558 wholly in force at 1.10.2009; s. 558 not in force at Royal Assent see s. 1300; s. 558 in force for specified purposes at 6.4.2007 by S.I. 2007/1093, art. 2(2)(b) (with art. 11(1)); s. 558 in force otherwise at 1.10.2009 by S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, art. 18)

559 Provisions about allotment not applicable to shares taken on formation U.K.

The provisions of this Chapter have no application in relation to the taking of shares by the subscribers to the memorandum on the formation of the company.