Aircraft and Shipbuilding Industries Act 1977 (repealed) in Northern Ireland

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 Part I: The Corporations Repealed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 Constitution and functions Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Financial provisions Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Part II: Vesting of Securities and other Assets in the Corporations and acquired Companies Repealed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 Acquisition of securities and assets Repealed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 Repealed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 Repealed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 Repealed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 Repealed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 Payments of dividend and interest Repealed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 Repealed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 Repealed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 Repealed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 Repealed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. Information Repealed
63. 51Furnishing of information to the Secretary of State. Repealed
64. 52Restriction on disclosure of information. Repealed
65. Liabilities, et ceteralaetc. Repealed
66. 53Liabilities of Corporations et ceteralaetc. Repealed
67. General Repealed
68. 54Service of notices. Repealed
69. 55Administrative expenses. Repealed
70. 56Interpretation. Repealed
71. 57Short title and extent. Repealed
72. Schedule 1: Aircraft Industry Repealed
73. ICompanies whose Securities are to Vest in British Aerospace Repealed
74. Part II: Qualifying Conditions Repealed
75. 1Paragraph 1 Repealed
76. 2Paragraph 2 Repealed
77. Schedule 2: Shipbuilding Industry Repealed
78. Part I: Companies whose Securities are to Vest in British Shipbuilders Repealed
79. Shipbuilding companies Repealed
80. Companies manufacturing slow speed diesel marine engines Repealed
81. Training companies Repealed
82. Part II: Qualifying Conditions Repealed
83. 1Paragraph 1 Repealed
84. 2Paragraph 2 Repealed
85. 3Paragraph 3 Repealed
86. 4Paragraph 4 Repealed
87. 5Paragraph 5 Repealed
88. Schedule 3: Vesting of Assets of Undertakings in Acquired Companies Repealed
89. 1Paragraph 1 Repealed
90. 2Paragraph 2 Repealed
91. 3Paragraph 3 Repealed
92. 4Paragraph 4 Repealed
93. 5Paragraph 5 Repealed
94. 6Paragraph 6 Repealed
95. 7Paragraph 7 Repealed
96. 8Paragraph 8 Repealed
97. Schedule 4: Acquisition of Certain Assets Repealed
98. 1Paragraph 1 Repealed
99. 2Paragraph 2 Repealed
100. 3Paragraph 3 Repealed
101. 4Paragraph 4 Repealed
102. 5Paragraph 5 Repealed
103. 6Paragraph 6 Repealed
104. 7Paragraph 7 Repealed
105. Schedule 5: Satisfaction of Compensation by Issue of Compensation Stock Repealed
106. 1Paragraph 1 Repealed
107. 2Paragraph 2 Repealed
108. 3Paragraph 3 Repealed
109. 4Paragraph 4 Repealed
110. 5Paragraph 5 Repealed
111. 6Paragraph 6 Repealed
112. 7Paragraph 7 Repealed
113. 8Paragraph 8 Repealed
114. 9Paragraph 9 Repealed
115. Schedule 6: Provisions as to Office of Stockholders’ Representative, Meetings of Holders of Securities and Incidental Matters Repealed
116. Appointment and tenure of office Repealed
117. 1Paragraph 1 Repealed
118. 2Paragraph 2 Repealed
119. 3Paragraph 3 Repealed
120. 4Paragraph 4 Repealed
121. 5Paragraph 5 Repealed
122. Meetings of holders of securities Repealed
123. 6Paragraph 6 Repealed
124. 7Paragraph 7 Repealed
125. 8Paragraph 8 Repealed
126. Procedure at meetings Repealed
127. 9Paragraph 9 Repealed
128. 10Paragraph 10 Repealed
129. 11Paragraph 11 Repealed
130. 12Paragraph 12 Repealed
131. 13Paragraph 13 Repealed
132. Service of documents Repealed
133. 14Paragraph 14 Repealed
134. Supplementary Repealed
135. 15Paragraph 15 Repealed
136. 16Paragraph 16 Repealed
137. 17Paragraph 17 Repealed
138. APPENDIX Repealed
139. Appointment of proxy for voting Repealed
140. Schedule 7: Procedure Etc. of Arbitration Tribunal Repealed
141. Part I: Proceedings other than Scottish Proceedings Repealed
142. 1Paragraph 1 Repealed
143. 2Paragraph 2 Repealed
144. 3Paragraph 3 Repealed
145. 4Paragraph 4 Repealed
146. 5Paragraph 5 Repealed
147. Part II: Scottish Proceedings Repealed
148. 6Paragraph 6 Repealed
149. 7Paragraph 7 Repealed
150. 8Paragraph 8 Repealed
151. 9Paragraph 9 Repealed
152. 10Paragraph 10 Repealed
153. 11Paragraph 11 Repealed
154. Part III: All Proceedings Repealed
155. 12Paragraph 12 Repealed
156. 13Paragraph 13 Repealed