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Changes over time for: Cross Heading: Shares issued in pursuance of a transfer scheme


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 18/12/2011.
Changes to legislation:
There are currently no known outstanding effects for the Utilities Act 2000, Cross Heading: Shares issued in pursuance of a transfer scheme.

Changes to Legislation
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Shares issued in pursuance of a transfer schemeU.K.
8U.K.Any shares issued to the supplier or to an associate of his by a transferee in pursuance of the transfer scheme—
(a)shall be of such nominal value as may be specified in or determined under the scheme;
(b)shall be issued or allotted on such terms as may be so specified or determined; and
(c)shall be issued as fully paid and treated for the purposes of the Companies Act 1985 as if they had been paid up by virtue of the payment to the transferee in cash of their nominal value and, if the scheme so provides, such premium as may be so specified or determined.
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