733 The capital redemption reserve
Companies Act 2006 (2006 c 46) | Legislation

Chapter 7
Supplementary Provisions

733  The capital redemption reserve

(1)     In the following circumstances a company must transfer amounts to a reserve, called the “capital redemption reserve”.

(2)     Where under this Part shares of a limited company are redeemed or purchased wholly out of the company's profits, the amount by which the company's issued share capital is diminished in accordance with—

(a)     section 688(b) (on the

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