SCHEDULE 2TRANSITIONAL PROVISIONS AND SAVINGS

Power of directors to allot shares etc: authorisation by company (s. 551)

45.  An authorisation in force immediately before 1st October 2009 under section 80 or 80A of the 1985 Act or Article 90 or 90A of the 1986 Order has effect on and after that date as if given under section 551 of the Companies Act 2006 (power of directors to allot shares etc: authorisation by company).