SCHEDULES

SCHEDULE 23 Transitional provisions

Part II Other transitional provisions

Control of political donations by companies

12

1

The provisions of Part XA of the Companies Act 1985 inserted by section 139(1) of this Act shall not apply to a company (within the meaning of that Act) in relation to any time falling before the relevant date for the company.

2

For the purposes of this paragraph the relevant date for a company is—

a

if an annual general meeting of the company is held within the first commencement year, the date of that meeting; and

b

otherwise, the date immediately following the end of that year.

3

In sub-paragraph (2) “the first commencement year” means the period of 12 months beginning with the date of the commencement of section 139(1).