British Technology Group Act 1991
British Technology Group Act 1991 (1991 c. 66)
- British Technology Group Act 1991 (1991 c. 66)
- Vesting of property etc. of NRDC and NEB in a successor company
- 1 Vesting of property etc. of NRDC and NEB in a successor company.
- 2 Extinguishment of NRDC reserve and NEB public dividend capital.
- Provisions relating to Government holdings in successor company
- 3 Initial Government holding in the successor company.
- 4 Government investment in securities of the successor company.
- 5 Exercise of functions through nominees.
- 6 Target investment limit for Government shareholding.
- 7 Offers for sale of securities etc.
- Financial provisions relating to successor company
- 8 Financial structure of successor company.
- 9 Loans by Secretary of State to successor company.
- 10 Temporary restrictions on successor company’s borrowings etc.
- Dissolution of the Corporation and Board
- 11 Dissolution of the Corporation and Board.
- Supplementary provisions
- 12 Corporation tax.
- 13 Application of Trustee Investments Act 1961 in relation to investment in the successor company.
- 14 Orders.
- 15 Administrative expenses.
- 16 Interpretation.
- 17 Consequential amendments, repeals and transitional provisions.
- 18 Short title, commencement and extent.
- SCHEDULES
- SCHEDULE 1 PROVISIONS SUPPLEMENTARY TO S. 1
- Preparation for transfer to successor company
- Provisions as to vesting of property etc.
- Disqualification of certain directors of successor company
- SCHEDULE 2 REPEALS
- Part I REPEALS ON APPOINTED DAY
- Part II REPEALS ON DISSOLUTION OF CORPORATION
- Part III REPEALS ON DISSOLUTION OF BOARD
- SCHEDULE 3 TRANSITIONAL PROVISIONS AND SAVINGS
- Constitution of the Corporation and Board
- Vesting of foreign property etc. in the successor company
- Application of enactments to certain continuing liabilities
- Treasury guarantees
- Final reports and accounts of the Corporation and the Board
- Accounts of the Secretary of State
- Payment of dividend by successor company before laying or delivery of accounts
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