Version Superseded: 01/10/2007
Point in time view as at 30/04/2001. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 345.
(1)The Secretary of State may by order in a statutory instrument substitute for any sum of money specified in this Part a larger sum specified in the order.
(2)An order under this section is subject to annulment in pursuance of a resolution of either House of Parliament.
(3)Such an order does not have effect in relation to anything done or not done before its coming into force; and accordingly, proceedings in respect of any liability (whether civil or criminal) incurred before that time may be continued or instituted as if the order had not been made.
Modifications etc. (not altering text)
C1S. 345 applied with modifications by S.I. 1985/680, regs. 4–6, Sch.
C2S. 345(3) applied by S.I. 1990/1392, art. 5
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