Companies (Corporate Enforcement Authority) Act 2021


Amendment of section 109 of Principal Act

18. Section 109 of the Principal Act is amended, in subsection (2)—

(a) in paragraph (b), by the substitution of “behalf;” for “behalf.”, and

(b) by the insertion of the following paragraph after paragraph (b):

“(c) shares previously issued by a successor company, and held by a transferor company, which are acquired by a successor company pursuant to section 480 or 503.”.