Companies Act 1985

664Power to alter monetary limits

(1)The Secretary of State may by regulations in a statutory instrument increase or reduce any of the money sums for the time being specified in the following provisions of this Part—

  • section 512(2),

  • section 515(3),

  • section 518(1)(a),

  • section 542(4),

  • section 622(3),

  • section 624(1)(a) and (b), and

  • paragraph 12 of Schedule 19.

(2)Regulations shall not be made under this section unless a draft of the statutory instrument containing them has been approved by resolution of each House of Parliament.