Article 13 Supplementary powers of DepartmentF1

Northern Ireland

(1)

F2INI may. . .

(a)

incur such expenditure as it considers necessary for the purpose of—

(i)

obtaining advice as to the exercise of its functions under this Part;

(ii)

promoting, or assisting the promotion of, publicity relating to any of the functions of INI under this Part;

(iii)

making known the scope for industrial development in Northern Ireland, including providing visits to Northern Ireland for any persons if the visits may promote the establishment, carrying on or development of an industrial undertaking likely to provide employment;

(b)

carry out or give financial assistance towards the carrying out of such inquiries, investigations and research as INI considers will further the purposes of this Part;

(c)

make such charge for any of its services under this Part as it thinks fit.

(2)

F3sections 979 to 982 of the Companies Act 2006 (power to acquire shares of shareholders dissenting from scheme or contract approved by majority) shall have effect in relation to the transfer of shares or any class of shares in a company to INI and references to a transferee company in that section shall be construed accordingly.

Annotations

Textual amendments

F1: functions transf. by 2002 c. 1 (NI)
F2: 2002 c. 1 (NI)
F3: Words in art. 13(2) substituted (1.10.2007) by Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007 (S.I. 2007/2194), arts. 1(3)(a), 10(1), Sch. 4 para. 36 (with savings in art. 12)