Friday, 25 September 2009
UK: the Companies Act 2006 (Allotment of Shares and Right of Pre-emption) (Amendment) Regulations 2009
The Companies Act 2006 (Allotment of Shares and Right of Pre-emption) (Amendment) Regulations 2009 were laid before Parliament earlier this week and come into force on 1 October. The Regulations were published on OPSI today - see here (html) and here (pdf) - and their purpose is to remedy defects in the Companies Act (2006) concerning pre-emption rights (sections 560 to 577) which come into force on 1 October. Further information about the defects, and the manner in which the Regulations correct them, is available in the accompanying explanatory memorandum.
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