OpenLegislation

Paragraph 6 I1

England and Wales

The income of the company, from wherever derived, shall be applied solely in promoting the company’s objects, and, save on a winding up of the company, no distribution shall be made to its members in cash or otherwise.

Annotations

Commencement

I1

Sch. art. 6 in force at 9.11.2009, see reg. 1(1)