OpenLegislation

Section 4 Acquisition of one company by another which holds 90 % or more of its shares

United Kingdom

Original text. Later amendments are not shown.

  1. 110Transfer of all assets and liabilities by one or more companies to another company which is the holder of all their shares
  2. 111Exemption from the requirement of approval by the general meeting
  3. 112Shares held by or on behalf of the acquiring company
  4. 113Merger by acquisition by a company which holds 90 % or more of the shares of a company being acquired
  5. 114Exemption from requirements applicable to mergers by acquisition
  6. 115Transfer of all assets and liabilities by one or more companies to another company which is the holder of 90 % or more of their shares

Notes on Title II

Textual amendments

F1

Substituted by Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions (Text with EEA relevance).