PART VShare Capital, its Increase, Maintenance and Reduction
CHAPTER IIIShare Premiums
134Provision for extending or restricting relief from s. 130
1
The Secretary of State may by regulations in a statutory instrument make such provision as appears to him to be appropriate—
a
for relieving companies from the requirements of section 130 in relation to premiums other than cash premiums, or
b
for restricting or otherwise modifying any relief from those requirements provided by this Chapter.
2
Regulations under this section may make different provision for different cases or classes of case and may contain such incidental and supplementary provisions as the Secretary of State thinks fit.
3
No such regulations shall be made unless a draft of the instrument containing them has been laid before Parliament and approved by a resolution of each House.