SCHEDULES
SCHEDULE 10 Amendments Consequential on Part I
Part II Amendments of Other Enactments
Aircraft and Shipbuilding Industries Act 1977 (c.3)
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1
Section 17 of the Aircraft and Shipbuilding Industries Act 1977 (British Shipbuilders: accounts and audit) is amended as follows.
2
In subsection (1)(c)
(duty to prepare consolidated accounts) for “subsidiaries” substitute “
subsidiary undertakings
”
.
3
In subsection (9)
(copies of accounts to be sent to the Secretary of State) for “subsidiaries” substitute “
subsidiary undertakings
”
and for “subsidiary” substitute “
subsidiary undertaking
”
.
4
After subsection (9) add—
10
In this section “subsidiary undertaking” has the same meaning as in Part VII of the Companies Act 1985.