Point in time view as at 01/01/2007. This version of this provision is not valid for this point in time.
Companies Act 2006, Section 1041 is up to date with all changes known to be in force on or before 05 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.
Valid from 01/10/2009
(1)For the purposes of section 1040 (companies authorised to register under this Act) “joint stock company” means a company—
(a)having a permanent paid-up or nominal share capital of fixed amount divided into shares, also of fixed amount, or held and transferable as stock, or divided and held partly in one way and partly in the other, and
(b)formed on the principle of having for its members the holders of those shares or that stock, and no other persons.
(2)Such a company when registered with limited liability under this Act is deemed a company limited by shares.
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