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Companies (Disclosure of Interests in Shares) (Orders Imposing Restrictions on Shares) Regulations (Northern Ireland) 1992
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- 1992 No. 257
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations.)
These Regulations amend Articles 218, 224 and 438 and Part XVI (orders imposing restrictions on shares) of the Companies (Northern Ireland) Order 1986 (“the Order”) so as to permit orders imposing restrictions on shares to be made in a form protecting the rights of third parties. The Regulations also amend Part VII of the Order with respect to the making of interim orders by a court and further amend Part XVI of the Order with respect to the circumstances in which restrictions imposed upon shares may be relaxed or removed.
Transitional provision is made with respect to subsisting orders of the court or the Department of Economic Development which impose restrictions on shares.
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