Authorised minimum: application of initial requirement (s.765)
This section has no associated Explanatory Memorandum
12.—(1) Section 765 (minimum share capital requirement for public companies: application of initial requirement) has effect with the following adaptation.
(2) In subsection (1)(b) for “section 91(1)(a)” substitute “section 45(2)(a) of the Companies Act 1985 or Article 55(2)(a) of the Companies (Northern Ireland) Order 1986”.