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Section 124: Company holding its own shares as treasury shares

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 8: A company's members — Chapter 2: Register of members

Where a company purchases its own shares in circumstances in which section 724 (treasury shares) applies—

the requirements of section 113 (register of members) need not be complied with if the company cancels all of the shares forthwith after the purchase, and
if the company does not cancel all of the shares forthwith after the purchase, any share that is so cancelled shall be disregarded for the purposes of that section.

Subject to subsection (1), where a company holds shares as treasury shares the company must be entered in the register as the member holding those shares.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.