xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
1(1)A section 87 order may include provision—U.K.
(a)enabling the board to establish subsidiaries, and
(b)enabling or requiring the board to carry out specified functions through subsidiaries.
(2)“Subsidiary” means a subsidiary as defined by section 736 of the Companies Act 1985 (c. 6) or Article 4 of the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)).
Commencement Information
I1Sch. 10 para. 1 in force at 1.10.2006 by S.I. 2006/2541, art. 2 (with Sch.)