Income Tax Act 2007

230Repayment of authorised minimum within 12 monthsU.K.
This section has no associated Explanatory Notes

(1)This section applies if—

[F1(a)a company issues share capital (“the original shares”) of nominal value equal to the authorised minimum (within the meaning of the Companies Act 2006) for the purposes of complying with section 761 of that Act (public company: requirement as to minimum share capital),]

(b)the registrar of companies issues the company with a certificate under that section.

(2)Section 224(2) does not apply in relation to any redemption of the original shares within 12 months of the date on which they were issued.

F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .