920 Draft terms of scheme (division)
Companies Act 2006 | Legislation

Requirements to be complied with in case of division

920  Draft terms of scheme (division)

(1)     A draft of the proposed terms of the scheme must be drawn up and adopted by the directors of each of the companies involved in the division.

(2)     The draft terms must give particulars of at least the following matters—

(a)     in respect of the transferor company and each transferee company—

(i)     its name,

(ii)     the address of its registered office, and

(iii)     whether it is a company limited by shares or a company limited by guarantee and having a share capital;

(b)     the number of shares in

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