Paragraph 2

In section 98 of the 1984 Act (effect of alterations of capital, etc.) in subsection (1)—

(a)

in paragraph (a) for the words from “shares” onwards there shall be substituted “ quoted shares or quoted securities ”;

(b)

in paragraph (b) for the words from “shares” onwards there shall be substituted “ unquoted shares in or unquoted debentures of a close company ”; and

(c)

for the words “shares or debentures not so quoted” there shall be substituted “ unquoted shares or unquoted debentures ”.