Postal Services Act 2011 (c. 5)

Part 1 U.K. Restructuring of Royal Mail group

Interpretation U.K.

14 Ownership of companies U.K.

(1) This section applies for the purposes of this Part.

(2) References to ownership of a company are to ownership of its issued share capital.

(3) References to ownership of a company include indirect ownership of it.

(4) References to the reduction of the proportion of a company owned by the Crown include a reduction to nil.

(5) For the purposes of determining the proportion of any company owned by the Crown, property and rights of the Secretary of State or the Treasury (or a nominee of either of them) are to be regarded as property and rights of the Crown.

Commencement Information

I1 S. 14 in force at 1.10.2011 by S.I. 2011/2329, art. 3