849Restriction on application of unrealised profitsU.K.
This section has no associated Explanatory Notes
A company must not apply an unrealised profit in paying up debentures or any amounts unpaid on its issued shares.
Commencement Information
I1S. 849 wholly in force at 6.4.2008; s. 849 not in force at Royal Assent see s. 1300; s. 849 in force at 6.4.2008 by S.I. 2007/3495, art. 3(1)(k) (with savings in arts. 7, 12 and subject to transitional adaptations in Sch. 1 paras. 14-20 and with savings in Sch. 4 paras. 33-35)