1. UK Company Law
  2. Legislation (UK)
  3. Acts
  4. 2006
Date-stamp loading
  1. Companies Act 2006 (c. 46)
  2. Part 18 Acquisition by limited company of its own shares (ss. 658-737)
  3. Chapter 1 General provisions (ss. 658-676)
  4. Supplementary provisions (ss. 671-676)
  5. 673. Employer's charges and other rights of recovery
Previous Next
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2016 - onwards
  Version 3 of 3    

673. Employer's charges and other rights of recovery

(1) Where the shares are held on trust for the purposes of a pension scheme there shall be disregarded -

(a) any charge or lien on, or set-off against, any benefit or other right or interest under the scheme for the purpose of enabling the employer or former employer of a member of the scheme to obtain the discharge of a monetary obligation due to him from the member.

(b) [deleted]

(2) Where the shares are held on trust for the purposes of an employees' share scheme, there shall be disregarded any charge or lien on, or set-off against, any benefit or other right or interest under the scheme for the purpose of enabling the employer or former employer of a member of the scheme to obtain the discharge of a monetary obligation due to him from the member.

Comparing proposed amendment...
Previous Next