Introductory Text
PART I GENERAL
1.Citation, commencement and interpretation
2.Companies subject to the influence of local authorities
3.Application of the Order
PART II REGULATION OF CONTROLLED AND INFLUENCED COMPANIES
4.Identification of companies
5.Requirements applicable to regulated companies
6.Provision of information to authority’s auditor
7.Provision of information to members of local authority
8.Provision of financial information to authority
9.Appointment of auditor
PART III CONTROLLED COMPANIES WHICH ARE NOT ARM'S LENGTH COMPANIES
10.Public inspection of minutes
PART IV MINORITY INTERESTS
11.Authorised companies
PART V CAPITAL FINANCE
12.Interpretation
13.Receipts, contracts and liabilities of regulated companies
14.Application of Part IV: requirement for credit cover
15.Application of Part IV: increase in the basic credit approval
16.Liabilities of regulated companies
17.Dealings between members of a local authority group
18.Provisions where there are two or more relevant authorities
Signature
SCHEDULE
COMPANIES NOT SUBJECT TO THE ORDER
1.A public transport company within the meaning of section 72...
2.A public airport company within the meaning of Part II...
3.A company which is under the control or subject to...
4.A company which by virtue of section 73 of the...
5.A company which, in relation to a company (“the holding...
Explanatory Note
