# The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011, Paragraph 24

Extent: E+W+S+N.I.

In regulation 65 (power to provide for employees on cessation or transfer of business)—
(a) at the beginning of paragraph (3)(b), insert the words “subject to paragraph (4)”;
(b) after paragraph (3), insert—
“(4) A resolution of the directors is not sufficient sanction for payments to or for the benefits of directors, former directors or shadow directors.”.

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Source: https://www.legislation.gov.uk/uksi/2011/1265/schedule/2/paragraph/24 (the official version)
Page: https://openlegislation.uk/companies-act-2006-consequential-amendments-and-transitional-provisions-order-2011/schedule-2/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.