Companies Act 2014 section 1210

Application of Chapter 5 of Part 5 to a CLG

Section 1210 applies the rules on disclosure of interests in shares and debentures (Chapter 5 of Part 5) to companies limited by guarantee (CLGs), while excluding references to shares in a CLG itself or in a fellow group member that is also a CLG.

• The disclosure of interests rules in Chapter 5 of Part 5 generally apply to CLGs
• Where those rules refer to shares in a company, they do not apply if that company is a CLG
• Where those rules refer to shares in a body corporate within the same group, they do not apply if that body corporate is a CLG
• The exclusions reflect the fact that CLGs do not have a share capital, so share-related disclosure obligations are not relevant to them