SCHEDULE 1CONSEQUENTIAL AMENDMENTS

Commonwealth Development Corporation Act 1999 (c. 20)177

1

The Commonwealth Development Corporation Act 1999 is amended as follows.

2

In section 16(4)(b) (requirement to issue securities: securities to be treated as paid up in cash) for “the Companies Act 1985” substitute “ the Companies Act 2006 ”.

3

In section 26(2) M1 (interpretation), in the table—

a

in the entry relating to the expression “Paid up” for “Section 738 of the Companies Act 1985”substitute “ Section 583 of the Companies Act 2006 ”;

b

in the entry relating to the expression “Registrar of companies” for “Section 744 of the Companies Act 1985” substitute “ Section 1060 of the Companies Act 2006 ”.

4

In Part 2 of Schedule 2 (modifications of Companies Acts as they apply to the Corporation on and after registration)—

a

in paragraph 3(1) for “section 10 of the Companies Act 1985” substitute “ section 12 of the Companies Act 2006 ”;

b

in paragraph 5, for “section 735 of the Companies Act 1985” substitute “ section 1(1) of the Companies Act 2006 ”;

c

in paragraph 6, for “Section 13 of the Companies Act 1985” substitute “ Section 16 of the Companies Act 2006 ”;

d

in paragraph 7, for “section 22(1) of the Companies Act 1985” substitute “ section 112(1) of the Companies Act 2006 ”;

e

omit paragraph 8;

f

in paragraph 9(b), for “section 117 of 1985 Act” substitute “ section 761 of 2006 Act ”;

g

in paragraph 14—

i

omit sub-paragraph (1), and

ii

in sub-paragraph (2) M2 omit “that section or”;

h

in paragraph 15—

i

in sub-paragraph (1), after “provisions” insert “ of the Companies Act 2006 ”;

ii

for sub-paragraph (2) M3 substitute—

2

The provisions are—

a

section 162 (register of directors);

b

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

c

sections 190 to 196 (transactions requiring members' approval: substantial property transactions);

d

sections 197 to 214 (transactions requiring members' approval: loans etc.).