# The Companies (Northern Ireland) Order 1986 (revoked), Article 191: Interpretation for Chapter VII

Extent: N.I.

In this Chapter—
(a) “distributable profits”, in relation to the making of any payment by a company, means those profits out of which it could lawfully make a distribution (within the meaning given by section 829 of the Companies Act 2006), equal in value to the payment, and
(b) “permissible capital payment” means the payment permitted by Article 181;
and references to payment out of capital are to be construed in accordance with Article 181.

---
Source: https://www.legislation.gov.uk/nisi/1986/1032/article/191 (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-191
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.