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Companies Act 1985
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345Power to increase financial limits
(1)The Secretary of State may by order in a statutory instrument substitute for any sum of money specified in this Part a larger sum specified in the order.
(2)An order under this section is subject to annulment in pursuance of a resolution of either House of Parliament.
(3)Such an order does not have effect in relation to anything done or not done before its coming into force ; and accordingly, proceedings in respect of any liability (whether civil or criminal) incurred before that time may be continued or instituted as if the order had not been made.
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