# Companies Act 1985, Paragraph 7: Transferor company holding its own shares

Extent: E+W+S

The court shall not sanction under section 425(2) a compromise or arrangement under which any shares in a transferee company are to be allotted to a transferor company or its nominee in respect of shares in that transferor company held by it or its nominee.

---
Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/15B/paragraph/7 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-15B/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.