Part IV Reorganisation of the Post Office

Supplementary provisions

80 Shadow directors.

1

For the purposes of the provisions F1... listed in subsection (2) neither the Treasury nor the Secretary of State shall be regarded as a shadow director of F3a relevant company any part of which is owned by the Crown.

F22

The provisions are—

a

section 162(6) of the Companies Act 2006 (register of directors: liability for offence);

b

Chapter 3 of Part 10 of that Act (declaration of interest in existing transaction or arrangement);

c

sections 190 to 196 of that Act (transactions requiring members’ approval: substantial property transactions);

d

sections 197 to 214 of that Act (transactions requiring members’ approval: loans etc. );

e

regulation 10(3) of the Companies (Trading Disclosures) Regulations 2008 (liability for offence), as it applies in relation to an offence under regulation 8 (disclosure of names of directors).