Section 712(4)

For this purpose “other relevant payment lawfully made” includes— financial assistance lawfully given out of distributable profits in accordance with Chapter 2, payments lawfully made out of distributable profits in respect of the purchase by the company of any shares in the company, and payments of any description specified in section 705 (payments other than purchase price to be made out of distributable profits) lawfully made by the company.

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Source: legislation.gov.uk · retrieved 2026-09-04