Aircraft and Shipbuilding Industries Act 1977 (repealed)

1977 c. 3 · Enacted 17 March 1977 · Extends to United Kingdom

Contents

1. Part I: The Corporations Repealed
2. Constitution and functions Repealed
3. 1British Aerospace and British Shipbuilders. Repealed
4. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
5. 3Powers of the Corporations. Repealed
6. 4Corporations to give effect to directions of Secretary of State. Repealed
7. 4AOrganisation of British Shipbuilders’ activities. Repealed
8. 4BDiscontinuance and restriction of British Shipbuilders activities. Repealed
9. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
10. 6Machinery for settling terms and conditions of employment et ceteralaetc. Repealed
11. 7Formulation of the Corporations’ policies and plans and conduct of their operations. Repealed
12. 8Furnishing and publication of information by the Corporations. Repealed
13. 9Control by Corporations of wholly owned subsidiaries. Repealed
14. Financial provisions Repealed
15. 10Financial duties of the Corporations. Repealed
16. 11Borrowing powers of the Corporations and their wholly owned subsidiaries. Repealed
17. 12Loans by the Secretary of State to the Corporations. Repealed
18. 13Treasury guarantees. Repealed
19. 14Transfer to Corporations of rights and obligations with respect to certain government loans. Repealed
20. 15The commencing capital of each Corporation. Repealed
21. 16Public dividend capital and public dividends. Repealed
22. 17Accounts and audit. Repealed
23. 18Annual report. Repealed
24. Part II: Vesting of Securities and other Assets in the Corporations and acquired Companies Repealed
25. Acquisition of securities and assets Repealed
26. 19Vesting in British Aerospace or British Shipbuilders of securities of Scheduled companies. Repealed
27. 20Vesting in acquired company of certain assets of privately-owned companies in same group. Repealed
28. 21Certain loans from associated persons to be treated as securities. Repealed
29. 22Determination of rights to require the issue of securities or to nominate directors. Repealed
30. Payments of dividend and interest Repealed
31. 23Control of dividends and interest. Repealed
32. 24Permitted dividends and interest. Repealed
33. 25Final payments of dividend and interest. Repealed
34. Safeguarding of assets, avoidance of certain transactions, et ceteralaetc. Repealed
35. 26Power to acquire securities of certain additional companies. Repealed
36. 27Removal of company from companies to be acquired. Repealed
37. 28Prohibition of transfer of certain works. Repealed
38. 29Recovery of assets transferred away. Repealed
39. 30Dissipation of assets by transactions involving holders of securities et ceteralaetc. Repealed
40. 31Onerous transactions: disclaimer and recovery of losses. Repealed
41. 32Provisions supplementary to section 31. Repealed
42. 33Supplementary provisions relating to dissipation of assets. Repealed
43. 34Approvals and undertakings given before passing of Act. Repealed
44. Compensation Repealed
45. 35Compensation for vesting of securities. Repealed
46. 36Payment of compensation. Repealed
47. 37Base value of securities of a listed class. Repealed
48. 38Base value of other securities. Repealed
49. 39The appropriate deduction. Repealed
50. 40General provisions as to compensation stock. Repealed
51. 41Stockholders’ representatives. Repealed
52. Part III: Miscellaneous and General Repealed
53. Arbitration and the Arbitration Tribunal Repealed
54. 42The arbitration tribunal. Repealed
55. 43Scottish proceedings. Repealed
56. 44Staff and expenses of arbitration tribunal. Repealed
57. The Corporations Repealed
58. 45, 46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
59. 47Right of persons to object to practices of British Shipbuilders or their wholly owned subsidiaries. Repealed
60. 48Duty of the Corporations to consult et ceteralaetc. with Northern Ireland state-controlled bodies. Repealed
61. Pensions et ceteralaetc. Repealed
62. 49Provisions as to pension rights. Repealed
63. 50Compensation for loss of employment, emoluments or pension rights. Repealed
64. Information Repealed
65. 51Furnishing of information to the Secretary of State. Repealed
66. 52Restriction on disclosure of information. Repealed
67. Liabilities, et ceteralaetc. Repealed
68. 53Liabilities of Corporations et ceteralaetc. Repealed
69. General Repealed
70. 54Service of notices. Repealed
71. 55Administrative expenses. Repealed
72. 56Interpretation. Repealed
73. 57Short title and extent. Repealed
74. Schedule 1: Aircraft Industry Repealed
75. ICompanies whose Securities are to Vest in British Aerospace Repealed
76. Part II: Qualifying Conditions Repealed
77. 1Paragraph 1 Repealed
78. 2Paragraph 2 Repealed
79. Schedule 2: Shipbuilding Industry Repealed
80. Part I: Companies whose Securities are to Vest in British Shipbuilders Repealed
81. Shipbuilding companies Repealed
82. Companies manufacturing slow speed diesel marine engines Repealed
83. Training companies Repealed
84. Part II: Qualifying Conditions Repealed
85. 1Paragraph 1 Repealed
86. 2Paragraph 2 Repealed
87. 3Paragraph 3 Repealed
88. 4Paragraph 4 Repealed
89. 5Paragraph 5 Repealed
90. Schedule 3: Vesting of Assets of Undertakings in Acquired Companies Repealed
91. 1Paragraph 1 Repealed
92. 2Paragraph 2 Repealed
93. 3Paragraph 3 Repealed
94. 4Paragraph 4 Repealed
95. 5Paragraph 5 Repealed
96. 6Paragraph 6 Repealed
97. 7Paragraph 7 Repealed
98. 8Paragraph 8 Repealed
99. Schedule 4: Acquisition of Certain Assets Repealed
100. 1Paragraph 1 Repealed
101. 2Paragraph 2 Repealed
102. 3Paragraph 3 Repealed
103. 4Paragraph 4 Repealed
104. 5Paragraph 5 Repealed
105. 6Paragraph 6 Repealed
106. 7Paragraph 7 Repealed
107. Schedule 5: Satisfaction of Compensation by Issue of Compensation Stock Repealed
108. 1Paragraph 1 Repealed
109. 2Paragraph 2 Repealed
110. 3Paragraph 3 Repealed
111. 4Paragraph 4 Repealed
112. 5Paragraph 5 Repealed
113. 6Paragraph 6 Repealed
114. 7Paragraph 7 Repealed
115. 8Paragraph 8 Repealed
116. 9Paragraph 9 Repealed
117. Schedule 6: Provisions as to Office of Stockholders’ Representative, Meetings of Holders of Securities and Incidental Matters Repealed
118. Appointment and tenure of office Repealed
119. 1Paragraph 1 Repealed
120. 2Paragraph 2 Repealed
121. 3Paragraph 3 Repealed
122. 4Paragraph 4 Repealed
123. 5Paragraph 5 Repealed
124. Meetings of holders of securities Repealed
125. 6Paragraph 6 Repealed
126. 7Paragraph 7 Repealed
127. 8Paragraph 8 Repealed
128. Procedure at meetings Repealed
129. 9Paragraph 9 Repealed
130. 10Paragraph 10 Repealed
131. 11Paragraph 11 Repealed
132. 12Paragraph 12 Repealed
133. 13Paragraph 13 Repealed
134. Service of documents Repealed
135. 14Paragraph 14 Repealed
136. Supplementary Repealed
137. 15Paragraph 15 Repealed
138. 16Paragraph 16 Repealed
139. 17Paragraph 17 Repealed
140. APPENDIX Repealed
141. Appointment of proxy for voting Repealed
142. Schedule 7: Procedure Etc. of Arbitration Tribunal Repealed
143. Part I: Proceedings other than Scottish Proceedings Repealed
144. 1Paragraph 1 Repealed
145. 2Paragraph 2 Repealed
146. 3Paragraph 3 Repealed
147. 4Paragraph 4 Repealed
148. 5Paragraph 5 Repealed
149. Part II: Scottish Proceedings Repealed
150. 6Paragraph 6 Repealed
151. 7Paragraph 7 Repealed
152. 8Paragraph 8 Repealed
153. 9Paragraph 9 Repealed
154. 10Paragraph 10 Repealed
155. 11Paragraph 11 Repealed
156. Part III: All Proceedings Repealed
157. 12Paragraph 12 Repealed
158. 13Paragraph 13 Repealed