The Companies (No. 2) (Northern Ireland) Order 1990 No. 1504 (NI. 10)

F1 PART IV N.I. OTHER AMENDMENTS OF COMPANY LAW

F1 Pt. IV (arts. 44-78) repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16 and the repeal being partly in force, as to which see individual Articles

Miscellaneous N.I.

Financial assistance for purposes of employees' share scheme N.I.

67.  In Chapter VI of Part VI of the Companies Order (financial assistance by company for purchase of its own shares), in Article 163 (transactions not prohibited), for paragraph (4)(b) (provision of money in accordance with employees' share scheme) substitute—

“(b) the provision by a company, in good faith in the interests of the company, of financial assistance for the purposes of an employees' share scheme,” .