Article 11 Payment for share capital

Northern Ireland

(1)

Subject to paragraph (2), Articles 109, 111 to 113, 116, 118 and 120 to 125 of the principal Order apply to a company whose directors have passed and not revoked a resolution to be re-registered under Article 4 of this Order, as those Articles apply to a public company.

(2)

Articles 109, 111 to 113, 118 and 122 of the principal Order do not apply to the allotment of shares by a company, other than a public company registered as such on its original incorporation, where the contract for the allotment was entered into—

(a)

except in a case falling within sub-paragraph (b), on or before 31st December 1984;

(b)

in the case of a company re-registered or registered as a public company in pursuance of—

(i)

a resolution to be re-registered under Article 53 of the principal Order,

(ii)

a resolution to be re-registered under Article r of this Order, or

(iii)

a resolution by a joint stock company that the company be a public company,

being a resolution that was passed on or before 31st December 1984, before the date on which the resolution was passed.

Notes on the whole Order

Textual amendments

F1: Order repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2008/2860, arts. 3(z), 4, Sch. 1 Pt. 2 (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch. and S.I. 2009/2476, reg. 2(3)) and S.I. 2009/1941, arts. 10, 12, Sch. 3)