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


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/ukdsi/2011/9780111507865/schedule/2/paragraph/24 (the official version)
Page: https://openlegislation.uk/draft-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.