C2C1Part 8A company's members
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Chapter 2Register of members
Special cases
124Company holding its own shares as treasury shares
1
Where a company purchases its own shares in circumstances in which section 724 (treasury shares) applies—
a
the requirements of section 113 (register of members) need not be complied with if the company cancels all of the shares forthwith after the purchase, and
b
if the company does not cancel all of the shares forthwith after the purchase, any share that is so cancelled shall be disregarded for the purposes of that section.
2
Subject to subsection (1), where a company holds shares as treasury shares the company must be entered in the register as the member holding those shares.
Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))