C1Part 17A company's share capital
Chapter 11Miscellaneous and supplementary provisions
I1657General power to make further provision by regulations
1
The Secretary of State may by regulations modify the following provisions of this Part—
sections 552 and 553 (prohibited commissions, discounts and allowances),
Chapter 5 (payment for shares),
Chapter 6 (public companies: independent valuation of non-cash consideration),
Chapter 7 (share premiums),
sections 622 to 628 (redenomination of share capital),
Chapter 10 (reduction of capital), and
section 656 (public companies: duty of directors to call meeting on serious loss of capital).
2
The regulations may—
a
amend or repeal any of those provisions, or
b
make such other provision as appears to the Secretary of State appropriate in place of any of those provisions.
3
Regulations under this section may make consequential amendments or repeals in other provisions of this Act, or in other enactments.
4
Regulations under this section are subject to affirmative resolution procedure.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2