X11Section 264 applies as if in subsection (2) for the words following “the aggregate of its liabilities” there were substituted “(“liabilities” to include any provision within the meaning of [F1Part I of Schedule 9], except to the extent that that provision is taken into account in calculating the value of any asset of the company)”.
Editorial Information
X1Sch. 11 paras. 1-7 were renumbered as paras. 7-13 and new paras. 1-6 inserted (2.12.1991) by S.I. 1991/2705, regs. 7, 9, Sch. 3 para. 1(3)
Textual Amendments
F1Words substituted (subject to the transitional and savings provisions in S.I. 1990/355, arts. 6-9, Sch. 3 para. 1) by Companies Act 1989 (c. 40, SIF 27), ss. 23, 213(2), Sch. 10 para. 21(3)