Paragraph 1 I1
(1)
A section 87 order may include provision—
(a)
enabling the board to establish subsidiaries, and
(b)
enabling or requiring the board to carry out specified functions through subsidiaries.
(2)
“Subsidiary” means a subsidiary as defined by F1section 1159 of the Companies Act 2006.
Annotations
Textual amendments
- F1
Words in Sch. 10 para. 1(2) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 255 (with art. 10)
Commencement
- I1
Sch. 10 para. 1 in force at 1.10.2006 by S.I. 2006/2541, art. 2 (with Sch.)