Section 840(1)

In determining whether a proposed distribution may be made by a company in a case where— the provisions of this Part apply as if the amount of the proposed distribution was increased by the amount of the previous distributions, financial assistance and other payments. one or more previous distributions have been made in pursuance of a determination made by reference to the same relevant accounts, or relevant financial assistance has been given, or other relevant payments have been made, since those accounts were prepared,

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