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Postal Services Act 2000

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80 Shadow directors.U.K.

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(1)For the purposes of the provisions F1... listed in subsection (2) neither the Treasury nor the Secretary of State shall be regarded as a shadow director of [F2a relevant company any part of which is owned by the Crown].

[F3(2)The provisions are—

(a)section 162(6) of the Companies Act 2006 (register of directors: liability for offence);

(b)Chapter 3 of Part 10 of that Act (declaration of interest in existing transaction or arrangement);

(c)sections 190 to 196 of that Act (transactions requiring members’ approval: substantial property transactions);

(d) sections 197 to 214 of that Act (transactions requiring members’ approval: loans etc. );

(e)regulation 10(3) of the Companies (Trading Disclosures) Regulations 2008 (liability for offence), as it applies in relation to an offence under regulation 8 (disclosure of names of directors).]

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