SCHEDULE 1CONSEQUENTIAL AMENDMENTS

Gas Act 1986 (c. 44)70

1

The Gas Act 1986 is amended as follows.

2

In section 33F(10) M1 (information about directors' remuneration: interpretation), for the definition of “company” substitute—

“company” means a company (as defined in section 1(1) of the Companies Act 2006) that—

  1. a

    is limited by shares, and

  2. b

    has its registered office in Great Britain.

3

In section 48(1) (interpretation of Part 1), in the definition of “holding company”M2 for “section 736 of the Companies Act 1985” substitute “ section 1159 of the Companies Act 2006 ”.

4

In section 51 (initial government holding in successor company), in subsection (4)(b) (shares to be treated as fully paid up) for “the Companies Act 1985” substitute “ the Companies Act 2006 ”.

5

In section 55(3) (statutory reserve of successor company)—

a

for “section 264(3)(d) of the Companies Act 1985” substitute “ section 831(4)(d) of the Companies Act 2006 ”, and

b

for “section 264(3)(c)” substitute “ section 831(4)(c) ”.

6

In section 61(1) (interpretation of Part 2), in the definition of “subsidiary”M3 for “section 736 of the Companies Act 1985” substitute “ section 1159 of the Companies Act 2006 ”.