Companies Act 2014
Director may lift restrictions imposed on shares under section 768 | ||
769. (1) The Director may direct that the restrictions imposed upon shares under section 768 shall cease to apply if— | ||
(a) the Director is satisfied that the relevant facts about the shares have been disclosed to him or her, or | ||
(b) the shares are to be sold and the court or the Director approves the sale. | ||
(2) However, this section does not affect a direction of the Director directing that any restriction continued in force in relation to the shares under section 775 shall cease to apply to the shares. |