C1Part 18Acquisition by limited company of its own shares
Annotations:
Modifications etc. (not altering text)
Chapter 5Redemption or purchase by private company out of capital
Supplementary provisions
723When payment out of capital to be made
1
The payment out of capital must be made—
a
no earlier than five weeks after the date on which the resolution under section 716 is passed, and
b
no more than seven weeks after that date.
2
This is subject to any exercise of the court's powers under section 721(5) (power to alter or extend time where resolution confirmed after objection).
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