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48.—(1) Part 2 of the Transport Act 1981 (reconstitution of British Transport Docks Board) is amended as follows.
(2) In section 10 (provisions of the Companies Acts applying to Associated British Ports)—
(a)in subsection (1)(1) for “the Companies Act 1985” substitute “the Companies Act 2006”;
(b)for subsection (2)(2) substitute—
“(2) The provisions of the Companies Acts referred to in subsection (1) are the following—
Subject matter | Provisions applied | |
---|---|---|
1. | Financial assistance for purchase of shares, &c. | Chapter 2 of Part 18 of the Companies Act 2006. |
2. | Registration of charges. | Chapter 1 of Part 25 of that Act. |
3. | Accounts and reports. | Part 15 of that Act. |
4. | Audit. | Part 16 of that Act. |
5. | Disclosure by directors of interests in contracts, &c. | Chapter 3 of Part 10 of that Act. |
6. | Power of Court to give relief in certain cases. | Section 1157 of that Act. |
7. | Restrictions on distributions. | Part 23 of that Act.”. |
(3) In section 13(6)(3) (transfer of functions of holding company of Associated British Ports: meaning of “company”), for “the Companies Act 1985” substitute “the Companies Act 2006”.
(4) In section 14(3)(4) (supplementary provisions: definitions), in the definition of “subsidiary” for “section 736 of the Companies Act 1985” substitute “section 1159 of the Companies Act 2006”.
Section 10(1) was amended by S.I. 2008/948, Schedule 1, paragraph 51(1) and (2)(a) and (b).
Section 10(2) was amended by S.I. 2008/948, Schedule 1, paragraph 51(1) and (3).
Section 13(6) was amended by the Companies Consolidation (Consequential Provisions) Act 1985 (c.9), Schedule 2.
Section 14(3) was amended by the Companies Consolidation (Consequential Provisions) Act 1985 (c.9), Schedule 2.
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