Companies Act 2014 section 1001

Investment company to be a PLC but non-application of this Part to that company type

Section 1001 clarifies that while an investment company is a type of public limited company (PLC), the rules in Part 17 of the Act do not apply to investment companies, whose governing provisions are found separately in Part 24.

• Public limited companies fall into two categories: those that are investment companies and those that are not.
• Part 17 of the Companies Act 2014 applies only to PLCs that are not investment companies.
• Any reference to a "public limited company" in Part 17 excludes investment companies.
• The legal framework for investment companies is set out in Part 24, which applies or adapts provisions from Part 17 and Parts 1 to 14 as appropriate.