Paragraph 183 Postal Services Act 2000 (c. 26)

The Postal Services Act 2000 is amended as follows.

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In section 80 (shadow directors), for subsection (2) substitute—

“(2)

The provisions are—

(a)

section 162(6) of the Companies Act 2006 (register of directors: liability for offence);

(b)

Chapter 3 of Part 10 of that Act (declaration of interest in existing transaction or arrangement);

(c)

sections 190 to 196 of that Act (transactions requiring members' approval: substantial property transactions);

(d)

sections 197 to 214 of that Act (transactions requiring members' approval: loans etc.);

(e)

regulation 10(3) of the Companies (Trading Disclosures) Regulations 2008 (liability for offence), as it applies in relation to an offence under regulation 8 (disclosure of names of directors).”.

In section 125 (general interpretation), in subsection (4) (meaning of “subsidiary” and “wholly owned subsidiary”), for “section 736 of the Companies Act 1985 or Article 4 of the Companies (Northern Ireland) Order 1986” substitute “ section 1159 of the Companies Act 2006 ”.