Companies Act 2006

616Interpretation of this ChapterU.K.
This section has no associated Explanatory Notes

(1)In this Chapter—

  • “arrangement” means any agreement, scheme or arrangement (including an arrangement sanctioned in accordance with—

    (a)

    Part 26 [F1or 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 [F2[F3(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.

Textual Amendments

F2Words in s. 616(3) omitted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 1 para. 12