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 ”.
Marginal Citations
M1The definition of “equity share capital” in section 56(1) was amended by the Companies Consolidation (Consequential Provisions) Act 1985 (c.9), Schedule 2 and S.I. 1986/1035, Schedule 1.
M2The definitions of “holding company” and “subsidiary” in section 56(1) were amended by the Companies Consolidation (Consequential Provisions) Act 1985 (c.9), Schedule 2. The definition of “subsidiary” was also amended by the Companies Act 1989 (c.9), Schedule 18, paragraph 16.
M3The definition of “wholly owned subsidiary” in section 56(1) was amended by the Companies Consolidation (Consequential Provisions) Act 1985 (c.9), Schedule 2 and S.I. 1986/1035, Schedule 1.