SCHEDULE 1CONSEQUENTIAL AMENDMENTS

Aircraft and Shipbuilding Industries Act 1977 (c. 3)36

1

The Aircraft and Shipbuilding Industries Act 1977 is amended as follows.

2

In section 9(1) (control by Corporations of subsidiaries), for “memorandum or articles of association” substitute “ articles of association ”.

3

In section 56(1) (interpretation)—

a

in the definition of “equity share capital”M1, for “section 736 of the Companies Act 1985 or, in the case of a company incorporated in Northern Ireland, Article 2(3) of the Companies (Northern Ireland) Order 1986” substitute “ section 548 of the Companies Act 2006 ”;

b

in the definitions of “holding company” and “subsidiary”M2, for “section 736 of the Companies Act 1985” substitute “ section 1159 of the Companies Act 2006 ”;

c

in the definition of “wholly-owned subsidiary”M3, for “section 736(5)(b) of the Companies Act 1985 and Article 4(5)(b) of the Companies (Northern Ireland) Order 1986” substitute “ section 1159 of the Companies Act 2006 ”.