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)
(1)A company is an unquoted company for the purposes of this Chapter if none of its shares is—
(a)listed in the Official List of the Stock Exchange, and
(b)dealt in on the Stock Exchange regularly or from time to time.
(2)But a company is not an unquoted company for the purposes of this Chapter if it is under the control of (and only of) one or more companies which are not unquoted companies for those purposes.
(3)The reference in subsection (1) to shares does not include debenture stock, loan stock, preferred shares or preferred stock.