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Part 20U.K.Private and public companies

Modifications etc. (not altering text)

Chapter 1U.K.Prohibition of public offers by private companies

757Enforcement of prohibition: order restraining proposed contraventionU.K.

(1)If it appears to the court—

(a)on an application under this section, or

(b)in proceedings under Part 30 (protection of members against unfair prejudice),

that a company is proposing to act in contravention of section 755 (prohibition of public offers by private companies), the court shall make an order under this section.

(2)An order under this section is an order restraining the company from contravening that section.

(3)An application for an order under this section may be made by—

(a)a member or creditor of the company, or

(b)the Secretary of State.