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Legislation
Companies Act 2006

Crossheading Requirements to be complied with in case of division

  • Section 920 Draft terms of scheme (division)
  • Section 921 Publication of draft terms by registrar(division)
  • Section 921A Publication of draft terms on company website (division)
  • Section 922 Approval of members of companies involved in the division
  • Section 923 Directors' explanatory report (division)
  • Section 924 Expert's report (division)
  • Section 925 Supplementary accounting statement (division)
  • Section 926 Inspection of documents (division)
  • Section 926A Publication of documents on company website (division)
  • Section 927 Report on material changes of assets of transferor company (division)
  • Section 928 Approval of articles of new transferee company (division)
  • Section 929 Protection of holders of securities to which special rights attached (division)
  • Section 930 No allotment of shares to transferor company or its nominee (division)
  1. Requirements to be complied with in case of division
  2. Publication of draft terms by registrar(division)

Section 921 | Publication of draft terms by registrar(division)

From legislation.gov.uk

(1)The directors of each company involved in the division must deliver a copy of the draft terms to the registrar.

(2)The registrar must publish in the Gazette notice of receipt by him from that company of a copy of the draft terms.

(3)That notice must be published at least one month before the date of any meeting of that company summoned for the purposes of approving the scheme.

(4)The requirements in this section are subject to section 921A (publication of draft terms on company website) and section 934 (power of court to exclude certain requirements).F1

Notes

  1. F1

    Words in s. 921(4) inserted (1.8.2011 with application in accordance with reg. 1(2)) by The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011 (S.I. 2011/1606), reg. 19(1)

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