- company
“company” means a company formed and registered under this Act, that is—
(a)
a company so formed and registered after the commencement of this Part, or
(b)
a company that immediately before the commencement of this Part—
(i)
was formed and registered under the Companies Act 1985 (c. 6) or the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)), or
(ii)
was an existing company for the purposes of that Act or that Order,
(which is to be treated on commencement as if formed and registered under this Act).
(4) In this section and that Schedule “company” includes any body corporate.
Defined in s.1159(4) · see it in the full Act
- distribution
(1) In this Part “distribution” means every description of distribution of a company's assets to its members, whether in cash or otherwise, subject to the following exceptions.
Defined in s.829(1) · see it in the full Act
- profits
(a)are to profits or losses of that description made at any time, and
Defined in s.853(2) · see it in the full Act
- realised profits
(4) References to “realised profits” and “realised losses”, in relation to a company's accounts, are to such profits or losses of the company as fall to be treated as realised in accordance with principles generally accepted at the time when the accounts are prepared, with respect to the determination for accounting purposes of realised profits or losses.
Defined in s.853(4) · see it in the full Act
(4) References to “realised profits” and “realised losses”, in relation to a company's accounts, are to such profits or losses of the company as fall to be treated as realised in accordance with principles generally accepted at the time when the accounts are prepared, with respect to the determination for accounting purposes of realised profits or losses.
Defined in s.853(4) · see it in the full Act
- Capitalisation
(3) “Capitalisation”, in relation to a company's profits, means any of the following operations (whenever carried out)—
(a)applying the profits in wholly or partly paying up unissued shares in the company to be allotted to members of the company as fully or partly paid bonus shares, or
(b)transferring the profits to capital redemption reserve.
Defined in s.853(3) · see it in the full Act
- realised losses
(4) References to “realised profits” and “realised losses”, in relation to a company's accounts, are to such profits or losses of the company as fall to be treated as realised in accordance with principles generally accepted at the time when the accounts are prepared, with respect to the determination for accounting purposes of realised profits or losses.
Defined in s.853(4) · see it in the full Act
- investment company
(1) In this Part an “investment company” means a public company that—
(a)has given notice (which has not been revoked) to the registrar of its intention to carry on business as an investment company, and
(b)since the date of that notice has complied with the following requirement .
Defined in s.833(1) · see it in the full Act