The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008

Repeal of provisions about reserve liability and reserve capital

This sectionnoteType=Explanatory Memorandum has no associated

67.  The repeal of—

(a)section 120 of the 1985 Act or Article 130 of the 1986 Order (reserve liability of limited company), or

(b)section 124 of the 1985 Act or Article 134 of the 1986 Order (reserve capital of unlimited company),

does not affect the validity of any resolution under those provisions that is in force immediately before 1st October 2009.