196.—(1) Paragraph 6 of Schedule 3 to the Coal Industry Act 1994 (distributable reserves of successor companies) is amended as follows.
(2) In sub-paragraph (1), for “section 263 of the Companies Act 1985” substitute “ section 830 of the Companies Act 2006 ”.
(3) In sub-paragraph (2), for “section 264 of the Companies Act 1985” substitute “ section 831 of the Companies Act 2006 ”.
(4) In sub-paragraph (7)—
(a)in the definition of “called-up share capital”, for “Companies Act 1985” substitute “ Companies Act 2006 ”;
(b)in the definition of “net assets”, for “section 264” substitute “ section 831 ”;
(c)in the definition of “undistributable reserves”, for “subsection (3)” substitute “ subsection (4) ”.