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There are currently no known outstanding effects for the Commonwealth Development Corporation Act 1999, Cross Heading: Shadow directors.
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15(1)For the purposes of the provisions [F1of the Companies Act 2006] listed in sub-paragraph (2), neither the Secretary of State nor the Treasury shall be regarded as a shadow director of the Corporation or of a company associated with the Corporation at any time while the Crown continues to hold any special share provided for under the Corporation’s articles of association.U.K.
[F2(2)The provisions are—
(a)section 162 (register of directors);
(b)Chapter 3 of Part 10 (declaration of interest in existing transaction or arrangement);
(c)sections 190 to 196 (transactions requiring members’ approval: substantial property transactions);
(d)sections 197 to 214 (transactions requiring members’ approval: loans etc.).]
Textual Amendments
F1Words in Sch. 2 para. 15(1) inserted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 177(4)(h)(i) (with art. 10)
F2Sch. 2 para. 15(2) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 177(4)(h)(ii) (with art. 10)
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