1161 Meaning of “undertaking” and related expressions
Companies Act 2006 | Legislation

Meaning of "undertaking" and related expressions

1161  Meaning of “undertaking” and related expressions

(1)     In the Companies Acts “undertaking” means—

(a)     a body corporate or partnership, or

(b)     an unincorporated association carrying on a trade or business, with or without a view to profit.

(2)     In the Companies Acts references to shares—

(a)     in relation to an undertaking with capital but no share capital, are to rights to share in the capital of the undertaking; and

(b)     in relation to an undertaking without capital, are to interests—

(i)     conferring any right to share in the profits or liability to contribute to the losses

Popular documents