840 Successive distributions etc by reference to the same accounts
Companies Act 2006 | Legislation

Application of provisions to successive distributions etc

840  Successive distributions etc by reference to the same accounts

(1)     In determining whether a proposed distribution may be made by a company in a case where—

(a)     one or more previous distributions have been made in pursuance of a determination made by reference to the same relevant accounts, or

(b)     relevant financial assistance has been given, or other relevant payments have been made, since those accounts were prepared,

the provisions of this Part apply as if the amount of the proposed distribution was increased by the amount of the previous distributions, financial assistance

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