(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 [F2a relevant company any part of which is owned by the Crown].
[F3(2)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).]
Textual Amendments
F1Words in s. 80(1) repealed (1.10.2007) by Companies Act 2006 (Commencement No.3, Consequential Amendments, Transitional Provisions and Savings) Order 2007 (S.I. 2007/2194), art. 1(3)(a), Sch. 4 para. 94(2), Sch. 5 (with art. 12)
F2Words in s. 80(1) substituted (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 12 para. 20; S.I. 2011/2329, art. 3
F3S. 80(2) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 183(4) (with art. 10)