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”.