247 Power to make provision for employees on cessation or transfer of business
Companies Act 2006 | Legislation

Chapter 9
Supplementary Provisions

Provision for employees on cessation or transfer of business

247  Power to make provision for employees on cessation or transfer of business

(1)     The powers of the directors of a company include (if they would not otherwise do so) power to make provision for the benefit of persons employed or formerly employed by the company, or any of its subsidiaries, in connection with the cessation or the transfer to any person of the whole or part of the undertaking of the company or that subsidiary.

(2)     This power is exercisable notwithstanding the general duty imposed by section 172 (duty

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