778 Issue of certificates etc: allotment or transfer to financial institution
Companies Act 2006 | Legislation

Issue of certificates etc on allotment or transfer to financial institution

778  Issue of certificates etc: allotment or transfer to financial institution

(1)     A company—

(a)     of which shares or debentures are allotted to a financial institution,

(b)     of which debenture stock is allotted to a financial institution, or

(c)     with which a transfer for transferring shares, debentures or debenture stock to a financial institution is lodged,

is not required in consequence of that allotment or transfer to comply with section 769(1) or 776(1) (duty of company as to issue of certificates etc).

(2)     A “financial institution” means—

(a)     a recognised clearing house

Popular documents