{
  "url": "https://openlegislation.uk/companies-act-2006/section-899",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-899.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/899",
  "kind": "section",
  "number": "899",
  "heading": "Court sanction for compromise or arrangement",
  "text": "(1) If a majority in number representing 75% in value of the creditors or class of creditors or members or class of members (as the case may be), present and voting either in person or by proxy at the meeting summoned under section 896, agree a compromise or arrangement, the court may, on an application under this section, sanction the compromise or arrangement.\n(1A) Subsection (1) is subject to section 899A (moratorium debts, etc).\n(2) An application under this section may be made by—\n(a) the company,\n(b) any creditor or member of the company,\n(c) if the company is being wound up or an administration order is in force in relation it, the liquidator or administrator.\n(c) if the company is being wound up, the liquidator, or\n(d) if the company is in administration, the administrator.\n(3) A compromise or arrangement sanctioned by the court is binding on—\n(a) all creditors or the class of creditors or on the members or class of members (as the case may be), and\n(b) the company or, in the case of a company in the course of being wound up, the liquidator and contributories of the company.\n(4) The court's order has no effect until a copy of it has been delivered to the registrar.\n(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 899(1A) inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 35(4)(a) (with ss. 2(2), 5(2))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 899(2)(c)(d) substituted (6.4.2008) for s. 899(2)(c) and preceding word by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 3(1), Sch. 1 para. 250(2) (with arts. 6, 11, 12)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 899(3) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 28(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 899(5) omitted (26.6.2020) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 35(4)(b) (with ss. 2(2), 5(2))"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 899 applied (with modifications) (N.I) (14.11.2008)The Insolvency (Company Arrangement or Administration Provisions for an Industrial and Provident Society) Order (Northern Ireland) 2008 (S.R. 2008/445), art. 2"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 899 applied (with modifications) (23.11.2009) by The Scottish and Northern Ireland Banknote Regulations 2009 (S.I. 2009/3056), reg. 29, Sch. 1 para. 3"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "Ss. 895-900 applied (with modifications) (1.10.2009) by The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (S.I. 2009/1804), regs. 2, 45 (as amended: (26.6.2020) by The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643), reg. 1(1), Sch. 3 para. 2(3)(a)(b)(c) (which amending S.I. is revoked (16.2.2021) by S.I. 2021/60, reg. 1(1), 2); and (16.2.2021) by The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60), reg. 1(1), Sch. 3 para. 2(2)(3) (with reg. 4(2))))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/899",
    "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."
}