SCHEDULE 1CONSEQUENTIAL AMENDMENTS
Local Government and Housing Act 1989 (c. 42)104
1
Part 5 of the Local Government and Housing Act 1989 (companies in which local authorities have interests) is amended as follows.
2
In section 67(2)
(application of, and orders under, the Part), for “Chapter I of Part I of the Companies Act 1985 or the corresponding enactment for the time being in force in Northern Ireland” substitute “
the Companies Acts (see section 1174 of, and Schedule 8 to, the Companies Act 2006)
”
.
3
In section 68 (companies controlled by local authorities and arm's length companies)—
a
in subsection (1), for paragraph (a) substitute—
a
the company is at that time a subsidiary (as defined in section 1159 of the Companies Act 2006) of the local authority; or
b
in subsection (4), for the words from the beginning to “in relation to subsection (3)” substitute “
Paragraph 3 of Schedule 6 to the Companies Act 2006 (right to appoint or remove a majority of a company's board of directors) and the following paragraphs of that Schedule as they have effect in relation to paragraph 3
”
.