# The Companies (Authorised Minimum) Regulations 2009, Regulation 9: Transitional provisions and savings


(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).
(2) The purposes are—
(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;
(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 ;
(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;
(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 ;
(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 .
(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).
(4) The purposes are—
(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 ;
(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 .

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Source: https://www.legislation.gov.uk/uksi/2009/2425/regulation/9 (the official version)
Page: https://openlegislation.uk/companies-authorised-minimum-regulations-2009/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.