C2C1Part 17A company's share capital
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 6Public companies: independent valuation of non-cash consideration
Non-cash consideration for shares
595Exception to valuation requirement: merger F3or division
1
Section 593 (valuation of non-cash consideration) does not apply to the allotment of shares by a company F1 as part of a scheme to which Part 27 (mergers and divisions of public companies) applies if—
a
in the case of a scheme involving a merger, an expert's report is drawn up as required by section 909, or
b
in the case of a scheme involving a division, an expert's report is drawn up as required by section 924.
2
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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))