416 Monetary limits (companies winding up)
416 Monetary limits (companies winding up)

(1)     The Secretary of State may by order in a statutory instrument increase or reduce any of the money sums for the time being specified in the following provisions in the first Group of Parts—

section 117(2) (amount of company's share capital determining whether county court has jurisdiction to wind it up);

section 120(3) (the equivalent as respects sheriff court jurisdiction in Scotland);

section 123(1)(a) (minimum debt for service of demand on company by unpaid creditor);

section 184(3) (minimum value of judgment, affecting sheriff's duties on levying execution);

section 206(1)(a) and (b) (minimum value of company property concealed or fraudulently removed, affecting criminal liability of company's officer).