SCHEDULES

SCHEDULE 19 Minor amendments of the Companies Act 1985

Removal of restriction on transfer of shares

10

1

In section 456(3) of the Companies Act 1985 (removal of restrictions by order of court), in paragraph (b) (order where shares to be sold)—

a

for “sold” substitute “ transferred for valuable consideration ”, and

b

for “sale” substitute “ transfer ”.

2

In section 454(2) and (3) (which refer to section 456(3)(b)) for “sell” and “sale” substitute “ transfer ”.