755 Prohibition of public offers by private company
Companies Act 2006 | Legislation

Part 20 Private and Public Companies

Chapter 1
Prohibition of Public Offers by Private Companies

755  Prohibition of public offers by private company

(1)     A private company limited by shares or limited by guarantee and having a share capital must not—

(a)     offer to the public any securities of the company, or

(b)     allot or agree to allot any securities of the company with a view to their being offered to the public.

(2)     Unless the contrary is proved, an allotment or agreement to allot securities is presumed to be made with a view to their being offered to the public if

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