SCHEDULE 1CONSEQUENTIAL AMENDMENTS
Ports Act 1991 (c. 52)124
1
The Ports Act 1991 is amended as follows.
2
In section 1(2) (power of port authorities to form companies for purposes of transfer of certain statutory port undertakings), for “the Companies Act 1985” substitute “the Companies Act 2006”.
3
In section 3(4)(b) (initial issue of securities in successor company: securities to be treated as fully paid up), for “the Companies Act 1985” substitute “the Companies Act 2006”.
4
In section 9(2) and (6)(b) (schemes made by relevant port authority), for “memorandum and articles” substitute “articles”.
5
In section 12(7)(b) (schemes made by the Secretary of State), for “memorandum and articles” substitute “articles”.
6
In section 21(2) (power of Port of London Authority to form company for certain purposes), for “registered under the Companies Act 1985” substitute “registered under the Companies Act 2006”.
7
In section 22(3) and (6) (transfer to company of relevant property, etc, of the Port Authority), for “memorandum and articles” substitute “articles”.
8
In section 40(1) (general interpretation)—
a
in the definition of “equity share capital” for “section 744 of the Companies Act 1985” substitute “section 548 of the Companies Act 2006”;
b
in the definition of “subsidiary” and “wholly-owned subsidiary” for “section 736 of the Companies Act 1985” substitute “section 1159 of the Companies Act 2006”.