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)218 (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”;
h
in paragraph 15—
i
in sub-paragraph (1), after “provisions” insert “of the Companies Act 2006”;
ii
for sub-paragraph (2)220 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.).