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Companies Act 2006
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Changes over time for: Section 723
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Companies Act 2006, Section 723 is up to date with all changes known to be in force on or before 01 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.
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723[F1Time when payment out of capital to be made or shares to be surrendered]U.K.
This section has no associated Explanatory Notes
(1)The payment out of capital [F2, if made in accordance with a resolution under section 716] 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.
[F3(1A)Shares to be purchased in accordance with a resolution under section 720A must be surrendered—
(a)no earlier than five weeks after the date on which the resolution under section 720A is passed, and
(b)no later 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).
Textual Amendments
F1S. 723 heading substituted (6.4.2015) by The Companies Act 2006 (Amendment of Part 18) Regulations 2015 (S.I. 2015/532), regs. 1(2), 6(a)
F2Words in s. 723(1) inserted (30.4.2013) by The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (S.I. 2013/999), reg. 13(2)
F3S. 723(1A) substituted (6.4.2015) by The Companies Act 2006 (Amendment of Part 18) Regulations 2015 (S.I. 2015/532), regs. 1(2), 6(b)
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