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59. The repeal of section 122(1)(a) and (d) and (2) of the 1985 Act or Article 132(1)(a) and (d) and (2) of the 1986 Order (notice to registrar of consolidation and division, or sub-division, of shares) does not affect the operation of those provisions in relation to a consolidation and division, or sub-division, of shares effected before 1st October 2009.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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