No versions valid at: 01/01/2007
Point in time view as at 01/01/2007.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 630 is up to date with all changes known to be in force on or before 02 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)This section is concerned with the variation of the rights attached to a class of shares in a company having a share capital.
(2)Rights attached to a class of a company's shares may only be varied—
(a)in accordance with provision in the company's articles for the variation of those rights, or
(b)where the company's articles contain no such provision, if the holders of shares of that class consent to the variation in accordance with this section.
(3)This is without prejudice to any other restrictions on the variation of the rights.
(4)The consent required for the purposes of this section on the part of the holders of a class of a company's shares is—
(a)consent in writing from the holders of at least three-quarters in nominal value of the issued shares of that class (excluding any shares held as treasury shares), or
(b)a special resolution passed at a separate general meeting of the holders of that class sanctioning the variation.
(5)Any amendment of a provision contained in a company's articles for the variation of the rights attached to a class of shares, or the insertion of any such provision into the articles, is itself to be treated as a variation of those rights.
(6)In this section, and (except where the context otherwise requires) in any provision in a company's articles for the variation of the rights attached to a class of shares, references to the variation of those rights include references to their abrogation.
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
