Companies Act 2006: Primary legislation governing company operations, including share transfers, membership rights, company resolutions, notices, and directors' duties and responsibilities
Financial Services and Markets Act 2000: Regulates financial activities and promotions, particularly relevant if the membership interest sale involves regulated activities
Corporate Insolvency and Governance Act 2020: Ensures the transaction complies with insolvency regulations and corporate governance requirements
Income Tax Act 2007: Governs income tax implications of the membership interest sale
Corporation Tax Act 2010: Addresses corporate tax implications of the transaction
Taxation of Chargeable Gains Act 1992: Covers Capital Gains Tax implications and Stamp Duty considerations for the sale
Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, intention to create legal relations, and capacity
Misrepresentation Act 1967: Governs warranties and representations made during the sale process
Money Laundering Regulations 2017: Stipulates due diligence requirements and source of funds verification for the transaction
Data Protection Act 2018 and UK GDPR: Regulates the handling of personal information during the transaction process
Small Business, Enterprise and Employment Act 2015: Contains requirements regarding People with Significant Control (PSC) and transparency in ownership
