106Incidental powers: companies
This section has no associated Explanatory Notes
(1)If the registrar considers it expedient to do so in connection with his functions under section 69(3)(a), 92(1), 94 or 105(1) or paragraph 10 of Schedule 5, he may—
(a)form, or participate in the formation of, a company, or
(b)purchase, or invest in, a company.
(2)In this section—
“company” means a company within the meaning of the Companies Act 1985 (c. 6);
“invest” means invest in any way (whether by acquiring assets, securities or rights or otherwise).
(3)This section is without prejudice to any powers of the registrar exercisable otherwise than by virtue of this section.