Companies Act 2014 section 462

Requirements for Chapter to apply

Section 462 sets out the conditions that must be satisfied before the merger procedures described in this Chapter of the Act can be used.

• This Chapter provides a specific merger procedure available only to certain types of private companies.
• None of the companies involved in the merger may be a public limited company (PLC).
• At least one of the merging companies must be either a private company limited by shares or a designated activity company limited by shares.
• If either condition is not met, the companies cannot rely on this Chapter and must use alternative merger procedures elsewhere in the Act.