SCHEDULE 1CONSEQUENTIAL AMENDMENTS

Industrial Common Ownership Act 1976 (c. 78)35

In section 2 of the Industrial Common Ownership Act 1976 (common ownership enterprises and co-operative enterprises)—

a

in subsection (1) (definition of “common ownership enterprise”), in paragraph (b) for “memorandum or articles of association” substitute “articles of association”;

b

in subsection (5)68 (interpretation)—

i

for the definition of “company” substitute—

  • “company” means a company registered under the Companies Act 2006;

ii

in the closing words (which define “subsidiary”) for “section 736 of the Companies Act 1985” substitute “section 1159 of the Companies Act 2006”.