417A Money sums (company moratorium).

1

The Secretary of State may by order increase or reduce any of the money sums for the time being specified in the following provisions of Schedule A1 to this Act—

• paragraph 17(1) (maximum amount of credit which company may obtain without disclosure of moratorium);

• paragraph 41(4) (minimum value of company property concealed or fraudulently removed, affecting criminal liability of company’s officer).

2

An order under this section may contain such transitional provisions as may appear to the Secretary of State necessary or expedient.

3

An order under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.