728 Treasury shares: notice of disposal
Companies Act 2006 | Legislation

728  Treasury shares: notice of disposal

(1)     Where shares held by a company as treasury shares—

(a)     are sold, or

(b)     are transferred for the purposes of an employees' share scheme,

the company must deliver a return to the registrar not later than 28 days after the shares are disposed of.

(2)     The return must state with respect to shares of each class disposed of—

(a)     the number and nominal value of the shares, and

(b)     the date on which they were disposed of.

(3)     Particulars of shares disposed of on different dates may be included in a single return.

(4)     If default is

Popular documents