- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
51.—(1) Section 568 of the Companies Act 2006 (exclusion of statutory pre-emption right where articles confer corresponding right) applies to the allotment of shares on or after 1st October 2009.
(2) The reference in section 568(3) to section 562 of that Act (communication of pre-emption offers to shareholders) shall be read in relation to offers made before 1st October 2009 as a reference to section 90 of the 1985 Act or Article 100 of the 1986 Order.
(3) Section 563 of the Companies Act 2006 (consequences of contravention) applies in relation to such an offer as if the reference to section 562 of that Act were a reference to section 90 of the 1985 Act or Article 100 of the 1986 Order.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: