Introductory Text1.Citation and commencement2.Amendments to the Companies Act 20063.(1) Section 692 (financing purchase of own shares) is amended.4.In section 708(2) (notice to registrar of cancellation of shares),.5.In section 709 (power of private limited company to redeem.6.Section 723 (when payment out of capital to be made).7.For section 724(1)(b) (treasury shares) substitute— (b) the purchase is.8.In section 733(3) (the capital redemption reserve), after “under Chapter.9.(1) Section 734 (accounting consequences of payment out of capital).SignatureExplanatory Note