Companies Act 2006, Section 933A is up to date with all changes known to be in force on or before 03 March 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.
(1)This section applies in the case of a division where each of the transferee companies is a new company.
(2)If all the shares in each of the transferee companies are to be allotted to the members of the transferor company in proportion to their rights in the allotted share capital of the transferor company, the following requirements do not apply.
(3)The requirements which do not apply are—
(a)the requirements of—
(i)i)section 923 (directors' explanatory report),
(ii)section 924 (expert's report),
(iii)section 925 (supplementary accounting statement), and
(iv)section 927 (report on material changes in assets of transferor company); and
(b)the requirements of section 926 (inspection of documents) so far as relating to any document required to be drawn up under the provisions mentioned in paragraph (a)(i), (ii) or (iii) above.]
Textual Amendments
F1S. 933A inserted (1.8.2011 with application in accordance with reg. 1(2)) by The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011 (S.I. 2011/1606), reg. 29
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