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95. In section 56 of the Transport Act 2000 (shadow directors), for subsections (4) to (7) substitute—
“(4) For the purposes of the provisions listed in subsection (5) none of the persons listed in subsection (8) is to be regarded as a shadow director of the transferee or of a company associated with the transferee at a time while the condition set out in subsection (3) is satisfied.
(5) The provisions are—
(a)section 288 of the Companies Act 1985 and Article 296 of the Companies (Northern Ireland) Order 1986 (register of directors);
(b)section 305 of that Act and Article 313 of that Order (directors’ names on correspondence etc);
(c)section 317 of that Act and Article 325 of that Order (disclosure of interests in contracts);
(d)sections 190 to 196 of the Companies Act 2006 (transactions requiring members’ approval: property transactions); and
(e)sections 197 to 214 of that Act (transactions requiring members’ approval: loans etc).”.
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