593 Public company: valuation of non-cash consideration for shares
Companies Act 2006 (2006 c 46) | Legislation

Chapter 6
Public Companies: Independent Valuation of Non-Cash Consideration

Non-cash consideration for shares

593  Public company: valuation of non-cash consideration for shares

(1)     A public company must not allot shares as fully or partly paid up (as to their nominal value or any premium on them) otherwise than in cash unless—

(a)     the consideration for the allotment has been independently valued in accordance with the provisions of this Chapter,

(b)     the

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