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Companies Act 2006

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Point in time view as at 01/10/2009.

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Companies Act 2006, Section 684 is up to date with all changes known to be in force on or before 14 January 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. Help about Changes to Legislation

684Power of limited company to issue redeemable sharesU.K.

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(1)A limited company having a share capital may issue shares that are to be redeemed or are liable to be redeemed at the option of the company or the shareholder (“redeemable shares”), subject to the following provisions.

(2)The articles of a private limited company may exclude or restrict the issue of redeemable shares.

(3)A public limited company may only issue redeemable shares if it is authorised to do so by its articles.

(4)No redeemable shares may be issued at a time when there are no issued shares of the company that are not redeemable.

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