Companies Act 2014 section 1173

Application of Parts 1 to 14 to CLGs

Section 1173 sets out how the general provisions of the Companies Act 2014 (Parts 1 to 14), which were designed primarily for private companies limited by shares, are applied and adapted for companies limited by guarantee (CLGs), and identifies those provisions that do not apply to CLGs at all.

• Parts 1 to 14 of the Act generally apply to CLGs unless specifically disapplied or modified by this section or other provisions of Part 18.
• References to "a company" in Parts 2 to 14 are to be read as references to a CLG, and references to membership through shareholding are to be interpreted in the equivalent CLG context where membership does not arise from holding shares.
• A detailed Table lists the specific provisions that do not apply to CLGs, covering areas such as share capital, allotment and transfer of shares, bonus issues, acquisition of own shares, and certain governance rules relating to directors and written resolutions.
• Where a provision is listed in the Table as disapplied, any other consequential, incidental or supplemental provision connected to it is also automatically disapplied for CLGs.