Aircraft and Shipbuilding Industries Act 1977 (repealed)
Aircraft and Shipbuilding Industries Act 1977 (repealed) (1977 c. 3)
- Aircraft and Shipbuilding Industries Act 1977 (repealed) (1977 c. 3)
- PART I The Corporations
- Constitution and functions
- 1 British Aerospace and British Shipbuilders.
- 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 3 Powers of the Corporations.
- 4 Corporations to give effect to directions of Secretary of State.
- 4A Organisation of British Shipbuilders’ activities.
- 4B Discontinuance and restriction of British Shipbuilders activities.
- 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 6 Machinery for settling terms and conditions of employment et ceteralaetc.
- 7 Formulation of the Corporations’ policies and plans and conduct of their operations.
- 8 Furnishing and publication of information by the Corporations.
- 9 Control by Corporations of wholly owned subsidiaries.
- Financial provisions
- 10 Financial duties of the Corporations.
- 11 Borrowing powers of the Corporations and their wholly owned subsidiaries.
- 12 Loans by the Secretary of State to the Corporations.
- 13 Treasury guarantees.
- 14 Transfer to Corporations of rights and obligations with respect to certain government loans.
- 15 The commencing capital of each Corporation.
- 16 Public dividend capital and public dividends.
- 17 Accounts and audit.
- 18 Annual report.
- Part II Vesting of Securities and other Assets in the Corporations and acquired Companies
- Acquisition of securities and assets
- 19 Vesting in British Aerospace or British Shipbuilders of securities of Scheduled companies.
- 20 Vesting in acquired company of certain assets of privately-owned companies in same group.
- 21 Certain loans from associated persons to be treated as securities.
- 22 Determination of rights to require the issue of securities or to nominate directors.
- Payments of dividend and interest
- 23 Control of dividends and interest.
- 24 Permitted dividends and interest.
- 25 Final payments of dividend and interest.
- Safeguarding of assets, avoidance of certain transactions, et ceteralaetc.
- 26 Power to acquire securities of certain additional companies.
- 27 Removal of company from companies to be acquired.
- 28 Prohibition of transfer of certain works.
- 29 Recovery of assets transferred away.
- 30 Dissipation of assets by transactions involving holders of securities et ceteralaetc.
- 31 Onerous transactions: disclaimer and recovery of losses.
- 32 Provisions supplementary to section 31.
- 33 Supplementary provisions relating to dissipation of assets.
- 34 Approvals and undertakings given before passing of Act.
- Compensation
- 35 Compensation for vesting of securities.
- 36 Payment of compensation.
- 37 Base value of securities of a listed class.
- 38 Base value of other securities.
- 39 The appropriate deduction.
- 40 General provisions as to compensation stock.
- 41 Stockholders’ representatives.
- Part III Miscellaneous and General
- Arbitration and the Arbitration Tribunal
- 42 The arbitration tribunal.
- 43 Scottish proceedings.
- 44 Staff and expenses of arbitration tribunal.
- The Corporations
- 45, 46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 47 Right of persons to object to practices of British Shipbuilders or their wholly owned subsidiaries.
- 48 Duty of the Corporations to consult et ceteralaetc. with Northern Ireland state-controlled bodies.
- Pensions et ceteralaetc.
- 49 Provisions as to pension rights.
- 49 Provisions as to pension rights.
- 50 Compensation for loss of employment, emoluments or pension rights.
- 50 Compensation for loss of employment, emoluments or pension rights.
- Information
- 51 Furnishing of information to the Secretary of State.
- 52 Restriction on disclosure of information.
- Liabilities, et ceteralaetc.
- 53 Liabilities of Corporations et ceteralaetc.
- General
- 54 Service of notices.
- 55 Administrative expenses.
- 56 Interpretation.
- 57 Short title and extent.
- SCHEDULES
- SCHEDULE 1 Aircraft Industry
- Part I Companies whose Securities are to Vest in British Aerospace
- Part II Qualifying Conditions
- SCHEDULE 2 Shipbuilding Industry
- Part I Companies whose Securities are to Vest in British Shipbuilders
- Shipbuilding companies
- Companies manufacturing slow speed diesel marine engines
- Training companies
- Part II Qualifying Conditions
- SCHEDULE 3 Vesting of Assets of Undertakings in Acquired Companies
- SCHEDULE 4 Acquisition of Certain Assets
- SCHEDULE 5 Satisfaction of Compensation by Issue of Compensation Stock
- SCHEDULE 6 Provisions as to Office of Stockholders’ Representative, Meetings of Holders of Securities and Incidental Matters
- Appointment and tenure of office
- Meetings of holders of securities
- Procedure at meetings
- Service of documents
- Supplementary
- APPENDIX
- Appointment of proxy for voting
- SCHEDULE 7 Procedure Etc. of Arbitration Tribunal
- Part I Proceedings other than Scottish Proceedings
- Part II Scottish Proceedings
- Part III All Proceedings
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