Modifications etc. (not altering text)
C1Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)
The following table mentions, for each paragraph in section 1000(1)—
(a)some of the main provisions that explain or supplement it, and
(b)some of the main provisions that limit it.
Paragraph in section 1000(1) | Explained or supplemented by | Limited by |
---|---|---|
A (dividends). | Section 1054 (building society payments). | |
Sections 1055(2) and 1057(2) (dividend paid by [F1registered society ] or UK agricultural or fishing co-operative). | ||
B (other distributions in respect of shares). | Sections 1024 to 1028 (meaning of “repayment of share capital”). | F2. . . |
Section 1113(1) (extends meaning of “in respect of shares in the company”). | ||
C (redeemable share capital). | Section 1003 (redeemable share capital). | Section 1049(3)(a) (stock dividends). |
Section 1113(1). | ||
Section 1114(1) (extends meaning of “in respect of securities of the company”). | ||
D (securities issued otherwise than for new consideration). | Section 1004 (securities issued otherwise than for new consideration). | |
Section 1113(1). | ||
Section 1114(1). | ||
E (distributions in respect of non-commercial securities). | Sections 1005 to 1014 (meaning of “non-commercial securities” etc). | |
Section 1114(1). | ||
F (distributions in respect of special securities). | Sections 1015 to 1018 (meaning of “special securities” etc). | Section 1019 (relevant alternative finance return). |
Section 1114(1). | Section 1032 (interest etc paid in respect of certain securities). | |
G (transfers of assets or liabilities). | Section 1020 (transfers of assets or liabilities treated as distributions). | |
H (bonus issues following repayment of share capital). | Sections 1022 and 1023 (bonus issues following repayment of share capital treated as distributions). | Section 1049(3)(b)(i) (stock dividends). |
Textual Amendments
F1Words in s. 1001 substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 163 (with Sch. 5)
F2Words in s. 1001 omitted (with effect in accordance with s. 33(6) of the amending Act) by virtue of Finance Act 2012 (c. 14), s. 33(5)(c)