724 Treasury shares
724 Treasury shares
Companies Act 2006 | Legislation

[(1)     This section applies where—

(a)     a limited company makes a purchase of its own shares in accordance with Chapter 4, and

[(b)     the purchase is made out of distributable profits].]

(2)     . . .

(3)     Where this section applies the company may—

(a)     hold the shares (or any of them), or

(b)     deal with any of them, at any time, in accordance with section 727 or 729.

(4)     Where shares are held by the company, the company must be entered in its register of members [(or, as the case may be, the company's name must be delivered to the registrar under Chapter 2A of Part 8)] as the member holding the shares.