The Department for Business, Innovation and Skills has published a draft of the Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations 2012: see here (pdf). The purpose of the Regulations is to amend provisions in Part 23 of the Companies Act (2006) in order to permit investment companies, in certain circumstances, to make distributions out of revenue profits.
Thursday 8 December 2011
UK: the Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations 2012 - draft published
The Department for Business, Innovation and Skills has published a draft of the Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations 2012: see here (pdf). The purpose of the Regulations is to amend provisions in Part 23 of the Companies Act (2006) in order to permit investment companies, in certain circumstances, to make distributions out of revenue profits.
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