Companies Act 2014 section 10

Reference in Parts 2 to 14 to company to mean private company limited by shares

Section 10 establishes that when the word "company" appears in Parts 2 to 14 of the Companies Act 2014, it means a private company limited by shares, and clarifies the exceptions to this default definition.

• Throughout Parts 2 to 14, the word "company" automatically means a private company limited by shares, unless the text expressly states otherwise.
• The term "holding company", when used without any additional qualifier in Parts 2 to 14, retains its broader meaning and is not restricted to a private company limited by shares.
• Any expression related to "holding company", when similarly used without qualification, also keeps its wider meaning in those Parts.
• This section is a new provision introduced by the Companies Act 2014 to reflect the Act's focus on the private company limited by shares as the default company type.