{
  "url": "https://openlegislation.uk/companies-authorised-minimum-regulations-2009/regulation-9",
  "json_url": "https://openlegislation.uk/companies-authorised-minimum-regulations-2009/regulation-9.json",
  "legislation": "uksi/2009/2425",
  "legislation_title": "The Companies (Authorised Minimum) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/companies-authorised-minimum-regulations-2009",
  "path": "regulation/9",
  "kind": "regulation",
  "number": "9",
  "heading": "Transitional provisions and savings",
  "text": "(1) The figure of [euro]57,100 in regulation 2 is to be read as [euro]65,600 where that regulation applies for any of the purposes in paragraph (2).\n(2) The purposes are—\n(a) to determine whether the nominal value of a public company's allotted share capital is less than the authorised minimum for the purposes of an application for a trading certificate under section 761 where the application was received by the registrar before 1st October 2009;\n(b) to determine for the purposes of section 91(1)(a) whether the nominal value of a private company's allotted share capital is less than the authorised minimum in a case where the special resolution that the company should be re-registered as a public company was passed before 1st October 2009 ;\n(c) to determine whether, for the purposes of section 139 of the Companies Act 1985 or Article 149 of the Companies (Northern Ireland) Order 1986 , the effect of a reduction of share capital is to bring the nominal value of a company's allotted share capital below the authorised minimum;\n(d) to determine for the purposes of section 650 whether the effect of a reduction of capital is to bring the nominal value of a company's allotted share capital below the authorised minimum in a case where the special resolution for reducing the company's share capital was passed before 1st October 2009 ;\n(e) to determine for the purposes of section 662(2)(b) whether the effect of cancelling shares and diminishing a company's share capital under section 662(2)(a) is to bring the nominal value of the company's allotted share capital below the authorised minimum in a case where the period for complying with the obligations under section 662(2) began before 1st October 2009 .\n(3) The figure of [euro]57,100 in regulation 3(5)(b) is to be read as [euro]65,600 where that regulation applies for either of the purposes in paragraph (4).\n(4) The purposes are—\n(a) to determine for the purposes of section 650 whether the effect of a reduction of capital is to bring the nominal value of a company's allotted share capital below the authorised minimum in a case where the special resolution for reducing the company's share capital was passed before 1st October 2009 ;\n(b) to determine for the purposes of section 662(2)(b) whether the effect of cancelling shares and diminishing a company's share capital under section 662(2)(a) is to bring the nominal value of the company's allotted share capital below the authorised minimum in a case where the period for complying with the obligations under section 662(2) began before 1st October 2009 .",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "See S.I. 2008/2860 (C. 126), Schedule 2, paragraph 22(1) and (5)."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "See S.I. 2008/2860 (C. 126), Schedule 2, paragraph 68."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "See S.I. 2008/2860 (C. 126), Schedule 2, paragraph 68(1) and (2)."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "See S.I. 2008/2860 (C. 126), Schedule 2, paragraph 70(2)."
    },
    {
      "type": "M",
      "label": "M5",
      "text": "See S.I. 2008/2860 (C. 126), Schedule 2, paragraph 68(1) and (2)."
    },
    {
      "type": "M",
      "label": "M6",
      "text": "See S.I. 2008/2860 (C. 126), Schedule 2, paragraph 70(2)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/2425/regulation/9",
    "retrieved_at": "2026-10-29T03:06:02.526722+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}