Paragraph 36 Aircraft and Shipbuilding Industries Act 1977 (c. 3)

(1)

The Aircraft and Shipbuilding Industries Act 1977 is amended as follows.

(2)

In section 9(1) (control by Corporations of subsidiaries), for “memorandum or articles of association” substitute “articles of association”.

(3)

In section 56(1) (interpretation)—

(a)

in the definition of “equity share capital”, for “section 736 of the Companies Act 1985 or, in the case of a company incorporated in Northern Ireland, Article 2(3) of the Companies (Northern Ireland) Order 1986” substitute “section 548 of the Companies Act 2006”;

(b)

in the definitions of “holding company” and “subsidiary”, for “section 736 of the Companies Act 1985” substitute “section 1159 of the Companies Act 2006”;

(c)

in the definition of “wholly-owned subsidiary”, for “section 736(5)(b) of the Companies Act 1985 and Article 4(5)(b) of the Companies (Northern Ireland) Order 1986” substitute “section 1159 of the Companies Act 2006”.