Paragraph 104 Local Government and Housing Act 1989 (c. 42)

(1)

Part 5 of the Local Government and Housing Act 1989 (companies in which local authorities have interests) is amended as follows.

(2)

In section 67(2) (application of, and orders under, the Part), for “Chapter I of Part I of the Companies Act 1985 or the corresponding enactment for the time being in force in Northern Ireland” substitute “the Companies Acts (see section 1174 of, and Schedule 8 to, the Companies Act 2006)”.

(3)

In section 68 (companies controlled by local authorities and arm’s length companies)—

(a)

in subsection (1), for paragraph (a) substitute—

“(a)
the company is at that time a subsidiary (as defined in section 1159 of the Companies Act 2006) of the local authority; or”;

(b)

in subsection (4), for the words from the beginning to “in relation to subsection (3)” substitute “Paragraph 3 of Schedule 6 to the Companies Act 2006 (right to appoint or remove a majority of a company’s board of directors) and the following paragraphs of that Schedule as they have effect in relation to paragraph 3”.