427 Tainted gifts
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

427  Tainted gifts

(1)     In this section “company” means any company which may be wound up under the 1986 Act.

(2)     This section applies if—

(a)     an order for the winding up of a company is made or it passes a resolution for its voluntary winding up, and

(b)     it has made a tainted gift (whether directly or indirectly).

(3)     No order may be made under section 238, 239 or 423 of the 1986 Act (avoidance of certain transactions) and no decree may be granted under section 242 or

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