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Companies Act 2006
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Companies Act 2006, Section 904 is up to date with all changes known to be in force on or before 29 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.
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904Mergers and merging companiesU.K.
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adran has no associated
Nodiadau Esboniadol
(1)The scheme involves a merger where under the scheme—
(a)the undertaking, property and liabilities of one or more public companies, including the company in respect of which the compromise or arrangement is proposed, are to be transferred to another existing public company (a “merger by absorption”), or
(b)the undertaking, property and liabilities of two or more public companies, including the company in respect of which the compromise or arrangement is proposed, are to be transferred to a new company, whether or not a public company, (a “merger by formation of a new company”).
(2)References in this Part to “the merging companies” are—
(a)in relation to a merger by absorption, to the transferor and transferee companies;
(b)in relation to a merger by formation of a new company, to the transferor companies.
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