Prohibition of public offers by private company Under the section 755(1) of the Companies Act 2006 (CA 2006), a private limited company must not: • offer to the public any securities (ie shares or debentures) of the company, or • allot or agree to allot any securities of the company with a view to their being offered to the public Furthermore, CA 2006, s 755(2) confirms that, unless proved otherwise, an allotment or agreement to allot securities will be 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: • within six months after the allotment or agreement to allot, or • before the receipt by the company of the whole of the consideration to be received by it in respect of the securities CA 2006, s 755 will not be contravened where a private company either: • acts in good faith in pursuance of