601CQ
In forceEffect of right to acquire shares compulsorily
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5BBodies corporate registered as companies, and registrable bodies
Part 5B.2Registrable bodies
Division 2Foreign companies
601CQ Effect of right to acquire shares compulsorily
Where:
(a)
a law of the place of origin of a foreign company that corresponds to section 414, 661A or 664A entitles a person to give notice to another person that the first‑mentioned person wishes to acquire shares in the foreign company that the other person holds; and
(b)
some or all of those shares are registered in a register kept under section 601CM;
sections 601CM, 601CN and 601CP cease to apply in relation to the foreign company until the first‑mentioned person acquires, or ceases to be entitled to acquire, the shares so registered.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.