(1)Financial assistance may be provided under this Act—
(a)by way of grant or loan,
(b)in the form of a guarantee, or
(c)by the [F1Minister] acquiring securities of a company.
(2)More than one form of financial assistance may be provided in any case.
(3)In this section—
“company” includes any body corporate, wherever registered; and
“securities”, in relation to a company, means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not.
(4)This section is subject to section 7(3) (Treasury approval required for certain financial assistance).
[F2(5)In a case where securities of a company are acquired by the Treasury, the securities are to be treated as held by the persons for the time being constituting the Treasury.]
Textual Amendments
F1Word in s. 6(1)(c) substituted (10.1.2018) by The Transfer of Functions (International Development) Order 2017 (S.I. 2017/1283), art. 1(2), Sch. para. 5(2) (with art. 3)
F2S. 6(5) inserted (10.1.2018) by The Transfer of Functions (International Development) Order 2017 (S.I. 2017/1283), art. 1(2), Sch. para. 5(3) (with art. 3)