Point in time view as at 03/10/2022.
Companies Act 2006, Section 706 is up to date with all changes known to be in force on or before 04 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.
Where a limited company makes a purchase of its own shares in accordance with this Chapter, then—
(a)if section 724 (treasury shares) applies, the shares may be held and dealt with in accordance with Chapter 6;
(b)if that section does not apply—
(i)the shares are treated as cancelled, and
(ii)the amount of the company's issued share capital is diminished accordingly by the nominal value of the shares cancelled.
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.
