Companies Act 1985 (c. 6)

Part IV E+W+S Allotment of Shares and Debentures

Amount to be paid for shares; the means of payment E+W+S

107 Meaning of “the appropriate rate”. E+W+S

In sections 99 to 105 “the appropriate rate”, in relation to interest, means 5 per cent. per annum or such other rate as may be specified by order made by the Secretary of State by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.