Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 June 2016 - onwards
  Version 5 of 5    

708. Notice to registrar of cancellation of shares

(1) If on the purchase by a company of any of its own shares in accordance with this Part -

(a) section 724 (treasury shares) does not apply (so that the shares are treated as cancelled), or

(b) that section applies but the shares are cancelled forthwith (under section 729 (cancellation of treasury shares)),

the company must give notice of cancellation to the registrar, within the period of 28 days beginning with the date on which the shares are delivered to it, specifying the shares cancelled.

(2) The notice must be accompanied by a statement of capital, except where the statement of capital would be the same as a statement of capital that is required to be delivered to the registrar under section 720B(1).

(3) The statement of capital must state with respect to the company's share capital immediately following the cancellation -

(a) the total number of shares of the company,

(b) the aggregate nominal value of those shares,

(ba) the aggregate amount (if any) unpaid on those shares (whe

Comparing proposed amendment...