Companies Act 2014

769.

Director may lift restrictions imposed on shares under section 768

769. (1) F448[The Authority may] direct that the restrictions imposed upon shares under section 768 shall cease to apply if—

(a) the F448[Authority is satisfied that the relevant facts about the shares have been disclosed to it], or

(b) the shares are to be sold and the court or the F448[Authority] approves the sale.

(2) However, this section does not affect a direction of the F448[Authority] directing that any restriction continued in force in relation to the shares under section 775 shall cease to apply to the shares.

Annotations:

Amendments:

F448

Substituted (6.07.2022) by Companies (Corporate Enforcement Authority) Act 2021 (48/2021), s. 12(1) and sch. 2 ref. nos. 145-148, S.I. No. 335 of 2022.