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SCHEDULE 4TRANSITIONAL PROVISIONS AND SAVINGS

PART 3PROVISIONS COMING INTO FORCE ON 1ST OCTOBER 2008

Requirement to have at least one director who is a natural person (s.155)

46.  If on 8th November 2006—

(a)none of a company’s directors were natural persons, and

(b)section 282 of the 1985 Act or Article 290 of the 1986 Order (requirement as to number of directors) was complied with in relation to the company,

section 155 of the Companies Act 2006 (companies required to have at least one director who is a natural person) does not apply to the company until 1st October 2010.