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Section 51 Sections 43 to 50: interpretationC1I1C2

England, Wales and Scotland

(1)

F1In sections 43 to 50—

  • “group of companies” means a holding company and its subsidiaries (and references to a member of a group of companies are to be read accordingly); and

  • “holding company” and “subsidiary” have the meaning given by section 1159 of the Companies Act 2006.

(2)

For the purposes of those sections—

(a)

references to a debt due under section 75 of the Pensions Act 1995 (c. 26) include a contingent debt under that section, and

(b)

references to the amount of such a debt include the amount of such a contingent debt.

(3)

For the purposes of those sections—

(a)

section 249 of the Insolvency Act 1986 (c. 45) (connected persons) applies as it applies for the purposes of any provision of the first Group of Parts of that Act,

(b)

section 435 of that Act (associated persons) applies as it applies for the purposes of that Act, and

(c)

section F2229 of the Bankruptcy (Scotland) Act 2016 (associated persons) applies as it applies for the purposes of that Act.

Annotations

Textual amendments

F1

S. 51(1) 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. 243(4) (with art. 10)

F2

Words in s. 51(3)(c) substituted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034), art. 1, Sch. 1 para. 26(3)

Modifications

C1

Pt. 1 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1

C2

Ss. 38-56 modified (1.9.2005) by The Pensions Regulator (Financial Support Directions etc.) Regulations 2005 (S.I. 2005/2188), regs. 1, 15, 16

Commencement

I1

S. 51 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7