# The Companies Act 2006 (Amendment of Part 18) Regulations 2013, Regulation 14: Treasury shares


(1) Section 724 of the Act (treasury shares) is amended as follows.
(2) For subsection (1), substitute—
“(1) This section applies where–
(a) a limited company makes a purchase of its own shares in accordance with Chapter 4, and
(b) the purchase is made—
(i) out of distributable profits, or
(ii) with cash under section 692(1)(b).”.
(3) Omit subsection (2).

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111537145/regulation/14 (the official version)
Page: https://openlegislation.uk/draft-companies-act-2006-amendment-of-part-18-regulations-2013/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.