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9. Dealing by a Body Corporate in its own Shares

Past version: effective from 20/10/2015 - 19/10/2015
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(1) A Body Corporate does not carry on an activity of the kind specified by paragraph 4 by purchasing its own Shares where section 666 of the Companies Regulations 2015 (Treasury shares) applies to the Shares purchased.
(2) A Body Corporate does not carry on an activity of the kind specified by paragraph 4 by dealing in its own Shares held as treasury shares, in accordance with section 668 (Treasury shares: disposal) or 670 (Treasury shares: cancellation) of those Regulations.
(3) In this paragraph "shares held as treasury shares" has the same meaning as in the Companies Regulations 2015.