§ 12.—(1) The provisions of Part XA of the Companies Act 1985 inserted by section 132(1) of this Act shall not apply to a company (within the meaning of that Act) in relation to any time falling before the relevant date for the company.
§ (2) For the purposes of this paragraph the relevant date for a company is—
- (a) if an annual general meeting of the company is held within the first commencement year, the date of that meeting; and
- (b) otherwise, the date immediately following the end of that year.
§ (3) In sub-paragraph (2) "the first commencement year" means the period of 12 months beginning with the date of the commencement of section 132(1).