Companies Act 2014 section 101E

Disapplication of requirement for certificate in respect of applicable securities

Section 101E removes any obligation to issue paper certificates for applicable securities, regardless of where such a requirement may be found in a company's existing documents or resolutions.

• Any requirement to issue certificates for applicable securities is disapplied, no matter where it appears
• This overrides provisions in a company's constitution, including its memorandum and articles of association
• It also overrides any resolutions passed by the company, its directors, or the holders of applicable securities
• The disapplication covers both express and implied requirements, including those found in the original terms of issue of the securities