{
  "url": "https://openlegislation.uk/companies-act-2006/section-724",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-724.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/724",
  "kind": "section",
  "number": "724",
  "heading": "Treasury shares",
  "text": "(1) This section applies where–\n(a) a limited company makes a purchase of its own shares in accordance with Chapter 4, and\n(b) the purchase is made out of distributable profits.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) Where this section applies the company may—\n(a) hold the shares (or any of them), or\n(b) deal with any of them, at any time, in accordance with section 727 or 729.\n(4) Where shares are held by the company, the company must be entered in its register of members ... as the member holding the shares.\n(5) In the Companies Acts references to a company holding shares as treasury shares are to the company holding shares that—\n(a) were (or are treated as having been) purchased by it in circumstances in which this section applies, and\n(b) have been held by the company continuously since they were so purchased (or treated as purchased).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 724(1) substituted (30.4.2013) by The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (S.I. 2013/999), reg. 14(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 724(1)(b) substituted (6.4.2015) by The Companies Act 2006 (Amendment of Part 18) Regulations 2015 (S.I. 2015/532), regs. 1(2), 7"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 724(2) omitted (30.4.2013) by virtue of The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (S.I. 2013/999), reg. 14(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 724(4) omitted (26.10.2023 for specified purposes, 26.1.2026 in so far as not already in force) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 1 para. 14; S.I. 2026/57, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/724",
    "retrieved_at": "2026-10-29T09:13:40.060156+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}