Companies Act 2014 section 746

Interpretation (Part 13)

Section 746 defines key terms relating to share capital and shares used throughout Part 13 (Investigations), restricting "share capital" to voting shares while broadening the meaning of "shares" to include membership and associated rights.

• "Share capital" and "relevant share capital" refer only to shares that carry the right to vote in all circumstances at a general meeting of the company.
• References to "shares" throughout Part 13 must be read consistently with this voting-rights definition.
• In Chapters 2 and 4, references to shares, share capital, shareholdings, or interests in shares also include membership of the company or body corporate.
• This extended meaning also covers any rights or obligations that attach to such membership.