Part IV General and Supplemental
Supplemental
65AF1Shadow directors
The Companies Acts (as defined by section 2 of the Companies Act 2006) have effect in relation to a company that—
a
is wholly owned by the Crown, and
b
has been notified by the Secretary of State that it is a company to which it is proposed to transfer any part of the Corporation’s undertaking,
as if references to a shadow director did not include the Treasury or any Minister of the Crown.