Section 575

The provisions of this Chapter are without prejudice to any other enactment by virtue of which a company is prohibited (whether generally or in specified circumstances) from offering or allotting equity securities to any person. Where a company cannot by virtue of such an enactment offer or allot equity securities to a holder of ordinary shares of the company, those shares are disregarded for the purposes of section 561 (existing shareholders' right of pre-emption), so that— the person is not treated as a person who holds ordinary shares, and the shares are not treated as forming part of the ordinary share capital of the company.

← 2 · All articles · 1 →

Source: legislation.gov.uk · retrieved 2026-09-04