# Companies Act 2006, Section 595: Exception to valuation requirement: merger or division

Extent: E+W+S+N.I.

(1) Section 593 (valuation of non-cash consideration) does not apply to the allotment of shares by a company as part of a scheme to which Part 27 (mergers and divisions of public companies) applies if—
(a) in the case of a scheme involving a merger, an expert's report is drawn up as required by section 909, or
(b) in the case of a scheme involving a division, an expert's report is drawn up as required by section 924.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/595 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-595
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.