Certain companies are excluded from the definition of a close company. Some are blanket exclusions that depend on the type of company involved. Others are more general exclusions that apply depending upon the extent and nature of control exercised over the company.
Exclusions—specific types of companies
A company falling within any of the following is expressly declared not to be a close company1:
- Ìý
•ÌýÌýÌýÌý a company not resident in the UK
- Ìý
•ÌýÌýÌýÌý a registered society (D7.625), that is a society registered or deemed to be registered under the Industrial and Provident Societies Act 1965 or under the Industrial and Provident Societies Act (Northern Ireland) 1969, or a European Co-operative Society (abbreviated to an SCE) formed in accordance with Council Regulation (EC) No 1435/2003 on the Statute for a European Co-Operative Society
- Ìý
•ÌýÌýÌýÌý a building society within the meaning of the Building Societies Act 1986
Exclusions—certain types of control
Any type of company that is controlled as follows is excluded from close company status:
- Ìý
•ÌýÌýÌýÌý any
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Web page updated on 17 Mar 2025 17:12