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Changes over time for: Cross Heading: Supplementary provisions
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Version Superseded: 26/10/2023
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Point in time view as at 03/10/2022.
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Supplementary provisionsU.K.
616Interpretation of this ChapterU.K.
(1)In this Chapter—
“arrangement” means any agreement, scheme or arrangement (including an arrangement sanctioned in accordance with—
(a)
Part 26 [or 26A] (arrangements and reconstructions), or
(b)
section 110 of the Insolvency Act 1986 (c. 45) or Article 96 of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)) (liquidator in winding up accepting shares as consideration for sale of company property));
“company”, except in reference to the issuing company, includes any body corporate;
“equity shares” means shares comprised in a company's equity share capital, and “non-equity shares” means shares (of any class) that are not so comprised;
“the issuing company” has the meaning given by section 610(6).
(2)References in this Chapter (however expressed) to—
(a)the acquisition by a company of shares in another company, and
(b)the issue or allotment of shares to, or the transfer of shares to or by, a company,
include (respectively) the acquisition of shares by, and the issue or allotment or transfer of shares to or by, a nominee of that company.
The reference in section 611 to the transferor company shall be read accordingly.
(3)References in this Chapter to the transfer of shares in a company include the transfer of a right to be included in the company's register of members[(or, as the case may be, have your name and other particulars delivered to the registrar under Chapter 2A of Part 8 and registered by the registrar)] in respect of those shares.
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