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Section 723: Time when payment out of capital to be made or shares to be surrendered

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

Part 18: Acquisition by limited company of its own shares — Chapter 5: Redemption or purchase by private company out of capital

The payment out of capital , if made in accordance with a resolution under section 716 must be made—

no earlier than five weeks after the date on which the resolution under section 716 is passed, and
no more than seven weeks after that date.

Shares to be purchased in accordance with a resolution under section 720A must be surrendered—

no earlier than five weeks after the date on which the resolution under section 720A is passed, and
no later than seven weeks after that date.

This is subject to any exercise of the court's powers under section 721(5) (power to alter or extend time where resolution confirmed after objection).

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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.