Section 220(5)

... The Companies Act 2006 (Commencement No. 8, Transitional Provisions and Savings) Order 2008 applies as if in Schedule 2 (transitional provisions and savings) after paragraph 43 (power of directors to allot shares etc: private company with only one class of shares (s. 550)) there were inserted— Paragraph 43 does not apply in relation to an existing company or a transitional company which is a company under resolution for the purposes of Part 17 of the Bank Recovery and Resolution (No. 2) Order 2014.

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