831 Net asset restriction on distributions by public companies
Companies Act 2006 (2006 c 46) | Legislation

831  Net asset restriction on distributions by public companies

(1)     A public company may only make a distribution—

(a)     if the amount of its net assets is not less than the aggregate of its called-up share capital and undistributable reserves, and

(b)     if, and to the extent that, the distribution does not reduce the amount of those assets to less than that aggregate.

(2)

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