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

(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 an offer of the securities (or any of them) to the public is made—

(a)     within six months after the allotment

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