This section has no associated Explanatory Notes
12(1)The provisions of Part XA of the Companies Act 1985 inserted by section 139(1) of this Act shall not apply to a company (within the meaning of that Act) in relation to any time falling before the relevant date for the company.
(2)For the purposes of this paragraph the relevant date for a company is—
(a)if an annual general meeting of the company is held within the first commencement year, the date of that meeting; and
(b)otherwise, the date immediately following the end of that year.
(3)In sub-paragraph (2) “the first commencement year” means the period of 12 months beginning with the date of the commencement of section 139(1).