Companies Act 2014

CHAPTER 6

Conversion of existing private company to private company limited by shares to which Parts 1 to 15 apply

54.

Interpretation ( Chapter 6)

54. (1) In this Chapter—

“mandatory provision” means a provision of any of Part 1 , this Part or Parts 3 to 14 that is not an optional provision;

“optional provision” means a provision of any of Part 1 , this Part or Parts 3 to 14 that—

(a) contains a statement to the effect, or is governed by provision elsewhere to the effect, that the provision applies save to the extent that the constitution provides otherwise or unless the constitution states otherwise; or

(b) is otherwise of such import;

“Table A” means Table A in the First Schedule to the Act of 1963.

(2) A reference in this Chapter to a designated activity company is a reference to a designated activity company limited by shares.

(3) A reference in this Chapter to Table A includes, where appropriate, a reference to any Table referred to in section 3(9)(b), (c) or (d) of the Act of 1963.