C1Part 1General introductory provisions
Annotations:
Modifications etc. (not altering text)
Types of company
5Companies limited by guarantee and having share capital
1
A company cannot be formed as, or become, a company limited by guarantee with a share capital.
2
Provision to this effect has been in force—
a
in Great Britain since 22nd December 1980, and
b
in Northern Ireland since 1st July 1983.
3
Any provision in the constitution of a company limited by guarantee that purports to divide the company's undertaking into shares or interests is a provision for a share capital.
This applies whether or not the nominal value or number of the shares or interests is specified by the provision.
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