PART 2 CONSEQUENTIAL AMENDMENTS TO PRIMARY LEGISLATION COMING INTO FORCE ON 6TH APRIL 2008

The Income Tax Act 2007 (c. 3)

Repayment of authorised minimum within 12 months

39.—(1) Amend section 230 as follows.

(2) In subsection (1) for paragraph (a) substitute—

“(a) a company issues share capital (“the original shares”) of nominal value equal to the authorised minimum (within the meaning of the Companies Act 2006) for the purposes of complying with section 761 of that Act (public company: requirement as to minimum share capital),”.

(3) Omit subsection (3).