Section 16 Interpretation.

In this Act, unless the context otherwise requires—

“the 1962 Act” means the M1Transport Act 1962;
“the 1968 Act” means the M2Transport Act 1968;
“company” means a body corporate;
“the disposal programme” has the meaning given by section 1(4) of this Act;
“employees’ share scheme” means a scheme for encouraging or facilitating the holding of shares or debentures in a company by or for the benefit of—

(a)

the bona fide employees or former employees of the company or of a subsidiary of the company; or

(b)

the wives, husbands, widows, widowers or children or step-children under the age of 18 of such employees or former employees;

“equity share capital” has the meaning given in the M3Companies Act 1985;
“the Group” has the meaning given by section 1(1) of this Act;
“subsidiary” means, in relation to a body corporate, a body corporate which is a subsidiary of the first-mentioned body corporate as defined by section 736 of the Companies Act 1985 (taking references in that section to a company as being references to a body corporate).

Annotations