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Telecommunications Act 1984
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Rhagor o Adnoddau
Changes over time for: Section 67
Alternative versions:
- 01/02/1991- Amendment
- 25/07/2003- Amendment
- 25/07/2003
Point in time
Status:
Point in time view as at 25/07/2003.
Changes to legislation:
There are currently no known outstanding effects for the Telecommunications Act 1984, Section 67.
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67 Temporary restrictions on successor company’s borrowings etc.U.K.
[F1(1)If articles of association of the successor company confer on the Secretary of State powers exercisable with the consent of the Treasury for, or in connection with, restricting the sums of money which may be borrowed or raised by the group during any period, those powers shall be exercisable in the national interest notwithstanding any rule of law and the provisions of any enactment.
(2)For the purposes of this section any alteration of the articles of association of the successor company which—
(a)has the effect of conferring or extending any such power as is mentioned in subsection (1) above; and
(b)is made at a time when that company has ceased to be wholly owned by the Crown,
shall be disregarded.
(3)In this section “group” means the successor company and all of its subsidiaries taken together.]
Textual Amendments
F1Ss. 64-67 repealed (25.7.2003 for specified purposes, 29.12.2003 otherwise) by Communications Act 2003 (c. 21), ss. 398(2)(e), 406, 408, 411, Sch. 19(1) (with Sch. 18, Sch. 19(1) Note 1); S.I. 2003/1900, arts. 1(2), 2(1), 3(1), Sch. 1 (with art. 3(2) (as amended (8.12.2003) by S.I. 2003/3142, art. 1(3))); S.I. 2003/3142, art. 3, Sch. 1 (with art. 11)
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