SCHEDULE 1CONSEQUENTIAL AMENDMENTS

Ports Act 1991 (c. 52)124

1

The Ports Act 1991 is amended as follows.

2

In section 1(2) (power of port authorities to form companies for purposes of transfer of certain statutory port undertakings), for “the Companies Act 1985” substitute “ the Companies Act 2006 ”.

3

In section 3(4)(b) (initial issue of securities in successor company: securities to be treated as fully paid up), for “the Companies Act 1985” substitute “ the Companies Act 2006 ”.

4

In section 9(2) and (6)(b) (schemes made by relevant port authority), for “memorandum and articles” substitute “ articles ”.

5

In section 12(7)(b) (schemes made by the Secretary of State), for “memorandum and articles” substitute “ articles ”.

6

In section 21(2) (power of Port of London Authority to form company for certain purposes), for “registered under the Companies Act 1985” substitute “ registered under the Companies Act 2006 ”.

7

In section 22(3) and (6) (transfer to company of relevant property, etc, of the Port Authority), for “memorandum and articles” substitute “ articles ”.

8

In section 40(1) (general interpretation)—

a

in the definition of “equity share capital” for “section 744 of the Companies Act 1985” substitute “ section 548 of the Companies Act 2006 ”;

b

in the definition of “subsidiary” and “wholly-owned subsidiary” for “section 736 of the Companies Act 1985” substitute “ section 1159 of the Companies Act 2006 ”.