662 Duty to cancel shares in public company held by or for the company
662 Duty to cancel shares in public company held by or for the company
Companies Act 2006 | Legislation

(1)     This section applies in the case of a public company—

(a)     where shares in the company are forfeited, or surrendered to the company in lieu of forfeiture, in pursuance of the articles, for failure to pay any sum payable in respect of the shares;

(b)     where shares in the company are surrendered to the company in pursuance of section 102C(1)(b) of the Building Societies Act 1986 (c 53);

(c)     where shares in the company are acquired by it (otherwise than in accordance with this Part or Part 30 (protection of members against unfair prejudice)) and the company has a

725 . . .

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