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SCHEDULES

SCHEDULE 19Minor amendments of the Companies Act 1985

Removal of restriction on transfer of shares

10(1)In section 456(3) of the Companies Act 1985 (removal of restrictions by order of court), in paragraph (b) (order where shares to be sold)—

(a)for “sold” substitute “transferred for valuable consideration”, and

(b)for “sale” substitute “transfer”.

(2)In section 454(2) and (3) (which refer to section 456(3)(b)) for “sell” and “sale” substitute “transfer”.