Section 689 Notice to registrar of redemptionI1

United Kingdom

(1)

If a limited company redeems any redeemable shares it must within one month after doing so give notice to the registrar, specifying the shares redeemed.

(2)

The notice must be accompanied by a statement of capital.

(3)

The statement of capital must state with respect to the company's share capital immediately following the redemption—

(a)

the total number of shares of the company,

(b)

the aggregate nominal value of those shares,

F1(ba)

the aggregate amount (if any) unpaid on those shares (whether on account of their nominal value or by way of premium), and

(c)

for each class of shares—

(i)

prescribed particulars of the rights attached to the shares,

(ii)

the total number of shares of that class, and

(iii)

the aggregate nominal value of shares of that class, F2...

(d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

If default is made in complying with this section, an offence is committed by—

(a)

the company, and

(b)

every officer of the company who is in default.

(5)

A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

Annotations

Textual amendments

F1: S. 689(3)(ba) inserted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 6 para. 13(a); S.I. 2016/321, reg. 6(e)
F2: S. 689(3)(d) and word omitted (30.6.2016) by virtue of Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 6 para. 13(b); S.I. 2016/321, reg. 6(e)

Commencement

I1: S. 689 wholly in force at 1.10.2009; s. 689 not in force at Royal Assent, see s. 1300; s. 689 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 689 otherwise in force at 1.10.2009 by S.I. 2008/2860, art. 3(l) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, art. 18)

Notes on Part 18

Modifications

C1: Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
C2: Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2