596 Non-cash consideration for shares: requirements as to valuation and report
Companies Act 2006 | Legislation

596  Non-cash consideration for shares: requirements as to valuation and report

(1)     The provisions of sections 1150 to 1153 (general provisions as to independent valuation and report) apply to the valuation and report required by section 593 (public company: valuation of non-cash consideration for shares).

(2)     The valuer's report must state—

(a)     the nominal value of the shares to be wholly or partly paid for by the consideration in question;

(b)     the amount of any premium payable on the shares;

(c)     the description of the consideration and, as respects so much of the consideration as he himself has valued, a description of

Popular documents