Part V Share Capital, its Increase, Maintenance and Reduction
F1F1Chapter VII Redeemable Shares; Purchase by a Company of its Own Shares
Redemption and purchase generally
169ADisclosure by company of cancellation or disposal of treasury shares
1
Subsection (2) applies in relation to any shares held by a company as treasury shares if—
a
the company is or was required to make a return under section 169(1B) in relation to the shares, and
b
the shares have—
i
been cancelled in accordance with section 162D(1), or
ii
been sold or transferred for the purposes of or pursuant to an employees' share scheme under section 162D(1).
2
Within the period of 28 days beginning with the date on which such shares are cancelled or disposed of, the company shall deliver to the registrar of companies for registration a return in the prescribed form stating with respect to shares of each class cancelled or disposed of—
a
the number and nominal value of those shares, and
b
the date on which they were cancelled or disposed of.
3
Particulars of shares cancelled or disposed of on different dates may be included in a single return to the registrar.
4
If default is made in delivering to the registrar any return required by this section, every officer of the company who is in default is liable to a fine and, for continued contravention, to a daily default fine.
Ss. 126-182 repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))