Paragraph 203 Broadcasting Act 1996 (c.55)

(1)

Schedule 6 to the Broadcasting Act 1996 (c.55) (transfer schemes relating to BBC transmission network: successor companies) is amended as follows.

(2)

In paragraph 2(5), for “the Companies Act 1985” substitute “ the Companies Act 2006 ”.

(3)

In paragraph 3(1), for “section 263 of the Companies Act 1985” substitute “ section 830 of the Companies Act 2006 ”.

(4)

In paragraph 3(2), for “section 264 of the Companies Act 1985” substitute “ section 831 of the Companies Act 2006 ”.

(5)

In paragraph 3(6)—

(a)

in the definition of “called-up share capital”, for “Companies Act 1985” substitute “ Companies Act 2006 ”;

(b)

in the definition of “net assets”, for “section 264 of that Act” substitute “ section 831 of the Companies Act 2006 ”;

(c)

in the definition of “undistributable reserves”, for “subsection (3) of that section” substitute “ subsection (4) of that section ”.

(6)

In paragraph 4(1) (distributions by reference to accounts)—

(a)

for “sections 270 to 276 of the Companies Act 1985” substitute “ sections 836 to 840 of the Companies Act 2006 ”;

(b)

in paragraph (a), for “section 270” substitute “ section 836 ”;

(c)

in paragraph (b), for “section 273” substitute “ section 839 ”; and

(d)

in the closing words, for “section 226” substitute “ section 394 ”.

(7)

In paragraph 4(5), in the definition of “accounting reference period” for “section 224 of the Companies Act 1985” substitute “ section 391 of the Companies Act 2006 ”.