Part V

Share Capital, its Increase, Maintenance and Reduction
Chapter III

Share Premiums

Provision for extending or restricting relief from s. 130.
134
1
The Secretary of State may by regulations in a statutory instrument make such provision as appears to him to be appropriate—
a
for relieving companies from the requirements of section 130 in relation to premiums other than cash premiums, or
b
for restricting or otherwise modifying any relief from those requirements provided by this Chapter.
2
Regulations under this section may make different provision for different cases or classes of case and may contain such incidental and supplementary provisions as the Secretary of State thinks fit.
3
No such regulations shall be made unless a draft of the instrument containing them has been laid before Parliament and approved by a resolution of each House.
S. 134 modified by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), s. 12(6)
Ss. 126-182 repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))