OpenLegislation

Paragraph 6 I1

England and Wales

The income of the company, from wherever derived, must be applied solely in promoting the company’s objects, and, save on a winding up of the company, a distribution must not be made to its members in cash or otherwise.

Annotations

Commencement

I1

Sch. 1 art. 6 in force at 30.11.2011, see reg. 1(2)