SCHEDULES

SCHEDULE 9 Minor and Consequential Amendments

The Companies Act 1985 (c. 6)

32

The Companies Act 1985 shall have effect in relation to any company which—

a

is wholly owned by the Crown, and

b

has been notified by the Secretary of State that it is a company to which it is proposed to transfer any part of the Corporation’s undertaking,

as if references to a shadow director did not include references to the Treasury or to any Minister of the Crown in accordance with whose directions or instructions the directors of the company are accustomed to act.