Find Acts and individual sections in a clear, focused reading experience.
(1) This section applies to the following transactions— (a) if the lending of money is part of the ordinary business of the compan…
Sections 442 and 443 do not prohibit any of the following transactions— (a) a distribution of a company’s assets in the form of—(i…
(1) If a company contravenes section 442(1) or (3) or 443 (1) or (3), thecompany, and each officer of the company who is in defaul…
(1) If a person is acquiring or proposing to acquire shares in a private company, a public company that is a subsidiary of that co…
(1) If a person is acquiring or proposing to acquire shares in a public company, neither the company nor any other company that is…
(1) In this Division, “financial assistance” means—(a) financial assistance given in the form of a gift; (b) financial assistance…
(1) If the company is an executor, administrator or trustee, rights that thecompany has in that capacity are to be disregarded. (2…
(1) If the relevant shares are held on trust for the purposes of a pension scheme, the following are to be disregarded— (a) a char…
(1) When the shares are held in trust for the purposes of a pension scheme or an employees’ share scheme, any residual interest of…
In determining for the purposes of this Part whether a company has a beneficial interest in shares, the interests referred to in s…
(1) A lien or other charge of a public company on its own shares(whether taken expressly or otherwise) is void, except as permitte…
(1) If— (a) a public company, or a nominee of a public company, acquires shares in the company; and (b) those shares are shown in…
(1) This section applies to a private company that is registered as a public company— after shares in the company have been forfei…
(1) If a company that is required to do so by section 427— (a) fails to cancel specified shares; or (b) fails to make an applicati…
(1) If a public company that is required by section 427 to apply to the Registrarfor the registration of the conversion of the com…
(1) The Registrar shall register the conversion of a company into a private limited company if satisfied that the application for…
(1) If a public company is obliged to convert itself into a private company in orderto comply with section 427, the directors may…
(1) Within one month after cancelling shares in order to comply with section427, a company shall lodge with the Registrar for regi…
(1) This section applies to a public company if— (a) shares of the company are forfeited, or are surrendered to the company instea…
(1) This section applies to shares in a limited company that— (a) are taken by a subscriber to the memorandum as a nominee of the…
(1) This section applies to shares in a limited company that— (a) are taken by a subscriber to the memorandum as nominee of the co…
(1) A limited company shall not acquire its own shares, whether by purchase, subscription or otherwise, except in accordance with…
(1) In this Part— "distributable profits", in relation to the giving of any financial assistance— (a) means those profits out of w…
The regulations may make further provision for the implementation of this Part.