‘whether arrangements made between a company and its two employed shareholder/directors with a view to avoiding tax amounted to the allotment of shares at a discount; contrary to section 580 of the Companies Act 2006. There is a subsidiary issue: namely, whether the arrangements involved the payment of the company’s shares or capital money in consideration of an agreement to subscribe for shares; contrary to section 552 of the Act.’
Lord Justice Lewison
[2021] EWCA Civ 795
Bailii
Companies Act 2006 580 552
England and Wales
Updated: 20 June 2021; Ref: scu.663186
