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 5 Redemption or purchase by private company out of capital (ss. 709-723)
  4. Supplementary provisions (s. 723)
  5. 723. Time when payment out of capital to be made or shares to be surrendered
Previous Next
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2015 - onwards
  Version 4 of 4    

723. Time when payment out of capital to be made or shares to be surrendered

(1) The payment out of capital, if made in accordance with a resolution under section 716 must be made -

(a) no earlier than five weeks after the date on which the resolution under section 716 is passed, and

(b) no more than seven weeks after that date.

(1A) Shares to be purchased in accordance with a resolution under section 720A must be surrendered -

(a) no earlier than five weeks after the date on which the resolution under section 720A is passed, and

(b) no later than seven weeks after that date.

(2) This is subject to any exercise of the court's powers under section 721(5) (power to alter or extend time where resolution confirmed after objection).

Comparing proposed amendment...
Previous Next