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Companies Act 1989

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Changes over time for: Section 135

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Changes to legislation:

Companies Act 1989, Section 135 is up to date with all changes known to be in force on or before 13 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

135 Orders imposing restrictions on shares.U.K.

(1)The Secretary of State may by regulations made by statutory instrument make such amendments of the provisions of the M1Companies Act 1985 [F1and the Companies Act 2006] relating to orders imposing restrictions on shares as appear to him necessary or expedient—

(a)for enabling orders to be made in a form protecting the rights of third parties;

(b)with respect to the circumstances in which restrictions may be relaxed or removed;

(c)with respect to the making of interim orders by a court.

(2)The provisions referred to in subsection (1) are F2. . . , section 445 and Part XV of the Companies Act 1985 [F3and section 794 of the Companies Act 2006].

(3)The regulations may make different provision for different cases and may contain such transitional and other supplementary and incidental provisions as appear to the Secretary of State to be appropriate.

(4)Regulations under this section shall not be made unless a draft of the regulations has been laid before Parliament and approved by resolution of each House of Parliament.

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