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Industry Act 1975

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  1. Introductory Text

  2. Part I National Enterprise Board

    1. Establishment of Board

      1. 1. The National Enterprise Board.

      2. 2. General purposes and functions.

      3. 3. Exercise by Board of powers to give selective financial assistance under Industry Act 1972.

      4. 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      5. 5. Transfer of publicly owned property to Board.

      6. 6. Financial duties of Board.

      7. 7. General power of Secretary of State to give Board directions.

    2. Limits on Board’s powers

      1. 8. Financial limits.

      2. 9. The Board and the media.

      3. 10. Other limits on Board’s powers.

  3. Part II Powers in relation to Transfers of Control of Important Manufacturing Undertakings to Non-Residents

    1. 11. General extent of powers in relation to control of important manufacturing undertakings.

    2. 12. Meaning of “change of control”.

    3. 13. Power to make orders.

    4. 14. Notices to extend vesting orders to other holdings.

    5. 15. Parliamentary control of orders.

    6. 16. Contents of vesting order.

    7. 17. Remedies for contravention of prohibition orders.

    8. 18. Territorial scope of orders.

    9. 19. Compensation orders.

    10. 20. Arbitration of disputes relating to vesting and compensation orders.

  4. Part III Planning Agreements Etc.

    1. 21.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 22.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. 23. Increase in limit on credits.

    4. 24. Renewal of guarantees.

    5. 25.Grants to supplement interest.

    6. Amendment of Development of Inventions Act 1967

      1. 26.Relaxation of requirements as to approval of activities of the National Research Development Corporation.

  5. Part IV Disclosure of Information

    1. Disclosure by Government

      1. 27.Disclosure of information by Government.

    2. 28—34.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  6. Part V General and Supplementary

    1. 35.Expenses.

    2. 36.Service of documents.

    3. 37.Interpretation.

    4. 38.Orders.

    5. 39.Citation etc.

  7. SCHEDULES

    1. SCHEDULE 1

      The National Enterprise Board

      1. 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      4. 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      5. 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      6. 6.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      7. Remuneration etc.

        1. 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 8.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 9.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        4. 10.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      8. Disqualification of members of the Board for House of Commons

        1. 11.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      9. Proceedings

        1. 12.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 13.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 14.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      10. Incorporation of Board and Execution of Instruments and Contracts

        1. 15.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 16.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        3. 17.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      11. Stamp Duty

        1. 18.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. 19.. . . . . . . . . ....

      12. Circulars

        1. 20.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. SCHEDULE 2

      Financial and Administrative Provisions Relating to Board

      1. Borrowing Powers

        1. 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      2. Government loans to the Board

        1. 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      3. Borrowing by wholly owned subsidiaries

        1. 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      4. Guarantees

        1. 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      5. Other Government investment in the Board

        1. 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      6. The Board’s Capital Debt

        1. 6.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      7. Accounts and audit

        1. 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      8. Annual report

        1. 8.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. SCHEDULE 3

      Arbitration

      1. Part I General

        1. Establishment of Tribunal

          1. 1.If a party to a dispute such as is mentioned...

          2. 2.An order under paragraph 1 above shall be laid before...

          3. 3.A tribunal shall be a court of record and shall...

          4. 4.(1) A tribunal shall, as the Lord Chancellor may ,...

          5. 5.In its application to proceedings which, by virtue of paragraph...

          6. 6.(1) Subject, in the case of the president of a...

          7. 7.If any member of a tribunal becomes, by reason of...

          8. 8.In this Part of this Schedule, “appointor”, in relation to...

          9. 8A.Where the appointor is, by virtue of paragraph 8(a), the...

          10. 8B.The appropriate senior judge is the Lord Chief Justice of...

          11. 9.In Part II of Schedule 1 to the House of...

          12. 10. Establishment of Tribunal

        2. Staff and expenses

          1. 11.A tribunal may appoint such officers as they consider necessary...

          2. 12.(1) There shall be paid to members of a tribunal...

      2. Part II Proceedings

        1. Proceedings other than Scottish proceedings

          1. 13.Paragraphs 14 to 17 below shall have effect with respect...

          2. 14.The provisions of Part I of the Arbitration Act 1996...

          3. 15.A tribunal may, and if so ordered by the Court...

          4. 16.An appeal shall lie to the Court of Appeal on...

          5. 17.(1) Subject to the provisions of this Schedule, the procedure...

        2. Scottish proceedings

          1. 18.Where a dispute submitted to a tribunal relates to capital...

          2. 19.If, at any stage in any proceedings before a tribunal...

          3. 20.If, at any stage in any proceedings before a tribunal...

          4. 21.In Scottish proceedings a tribunal shall have the like powers...

          5. 22.A tribunal may and if so directed by the Court...

          6. 23.(1) An appeal shall lie to the Court of Session...

          7. 24.(1) Subject to the provisions of this Schedule, the procedure...

          8. 25.Unless the tribunal consider that there are special reasons for...

        3. All proceedings

          1. 26.Every order of a tribunal— (a) shall be enforceable in...

          2. 27.A tribunal may, at any stage in any proceedings before...

    4. SCHEDULE 4

      1. Part I

      2. Part II

    5. SCHEDULE 5

      Disclosure of Information by Government

      1. 1.For the purposes of this Schedule the Treasury shall keep...

      2. 2.The model shall enable forecasts to be made—

      3. 3.The references to forecasts in paragraph 2 above are references...

      4. 4.The model shall be maintained on a computer.

      5. 5.The model shall be available to members of the public...

      6. 6.Not less than twice in each year commencing with a...

      7. 7.Any forecast under this Schedule shall indicate, where possible, the...

      8. 8.The Treasury shall from time to time publish an analysis...

      9. 9.. . . . . . . . . ....

    6. SCHEDULE 6

    7. SCHEDULE 7

    8. SCHEDULE 8

      Repeals

Yn ôl i’r brig

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