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Coal Industry Act 1977

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This is the original version (as it was originally enacted).

3(1)Any person who has been in the employment of a body corporate to which this head then applied.

(2)This head applies to a body corporate in which the Board, or a subsidiary of the Board, has an interest of a prescribed kind where—

(a)more than one-half in nominal value of the equity share capital of the body corporate is held by nationalised bodies, or

(b)its members consist of or include nationalised bodies, and those nationalised bodies can together control the composition of the board of directors of the body corporate, or

(c)the body corporate is a subsidiary of another body corporate to which this head applies.

(3)In this head " prescribed " means prescribed by regulations under section 37 of this Act, and those regulations may prescribe different kinds of interests for cases within paragraphs (a), (b) and (c) above respectively.

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