556Return of allotment by unlimited company allotting new class of sharesU.K.
(1)This section applies to an unlimited company that allots shares of a class with rights that are not in all respects uniform with shares previously allotted.
(2)The company must, within one month of making such an allotment, deliver to the registrar for registration a return of the allotment.
(3)The return must contain the prescribed particulars of the rights attached to the shares.
(4)For the purposes of this section shares are not to be treated as different from shares previously allotted by reason only that the former do not carry the same rights to dividends as the latter during the twelve months immediately following the former's allotment.
Commencement Information
I1S. 556 wholly in force at 1.10.2009; s. 556 not in force at Royal Assent, see s. 1300; s. 556 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 556 otherwise in force at 1.10.2009 by S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, art. 18)