Article 2 Meaning of ‘offer of securities to the public’

The Companies Act 1985 is amended as follows.

In subsection (1)(b) of section 81 (restriction on public offers by private company), for “sections 58 to 60” substitute “sections 58 and 742A”.

In subsection (1) of section 742A (meaning of “offer to the public”)^f1, for “or Part VII (accounts)” substitute “, Part 7 (accounts) or section 744 (general interpretation)”.