Paragraph 177 Commonwealth Development Corporation Act 1999 (c. 20)

(1)

The Commonwealth Development Corporation Act 1999 is amended as follows.

(2)

In section 16(4)(b) (requirement to issue securities: securities to be treated as paid up in cash) for “the Companies Act 1985” substitute “ the Companies Act 2006 ”.

(3)

In section 26(2) M1 (interpretation), in the table—

(a)

in the entry relating to the expression “Paid up” for “Section 738 of the Companies Act 1985”substitute “ Section 583 of the Companies Act 2006 ”;

(b)

in the entry relating to the expression “Registrar of companies” for “Section 744 of the Companies Act 1985” substitute “ Section 1060 of the Companies Act 2006 ”.

(4)

In Part 2 of Schedule 2 (modifications of Companies Acts as they apply to the Corporation on and after registration)—

(a)

in paragraph 3(1) for “section 10 of the Companies Act 1985” substitute “ section 12 of the Companies Act 2006 ”;

(b)

in paragraph 5, for “section 735 of the Companies Act 1985” substitute “ section 1(1) of the Companies Act 2006 ”;

(c)

in paragraph 6, for “Section 13 of the Companies Act 1985” substitute “ Section 16 of the Companies Act 2006 ”;

(d)

in paragraph 7, for “section 22(1) of the Companies Act 1985” substitute “ section 112(1) of the Companies Act 2006 ”;

(e)

omit paragraph 8;

(f)

in paragraph 9(b), for “section 117 of 1985 Act” substitute “ section 761 of 2006 Act ”;

(g)

in paragraph 14—

(i)

omit sub-paragraph (1), and

(ii)

in sub-paragraph (2) M2 omit “that section or”;

(h)

in paragraph 15—

(i)

in sub-paragraph (1), after “provisions” insert “ of the Companies Act 2006 ”;

(ii)

for sub-paragraph (2) M3 substitute—

“(2)
The provisions are—
(a)
section 162 (register of directors);
(b)
Chapter 3 of Part 10 (declaration of interest in existing transaction or arrangement);
(c)
sections 190 to 196 (transactions requiring members' approval: substantial property transactions);
(d)
sections 197 to 214 (transactions requiring members' approval: loans etc.).”.

Annotations

Marginal citations

M1: Section 26(2) was amended by S.I. 2008/948, Schedule 1, paragraph 208.
M2: Paragraph 14(2) was amended by S.I. 2008/948, Schedule 1, paragraph 209(1) and (5).
M3: Paragraph 15(2) was substituted by S.I. 2007/2194 (C.84), Schedule 4, paragraph 90 and was subsequently amended by S.I. 2008/948, Schedule 3, paragraph 14.