- Latest available (Revised)
- Point in Time (01/02/1991)
- Original (As enacted)
Version Superseded: 21/03/1997
Point in time view as at 01/02/1991. This version of this provision has been superseded.
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
There are currently no known outstanding effects for the Crown Agents Act 1979, Paragraph 8.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
8(1)Subject to the provisions of this paragraph, the Board shall have power to do anywhere in the world anything which is calculated to facilitate the performance of their functions (other than those conferred on them by this sub-paragraph) or is incidental or conducive to the performance of any such function, including, without prejudice to the generality of the preceding provision, power to acquire, hold and dispose of interests in other bodies corporate and to form or take part in forming bodies corporate.
(2)The Board, if so instructed by the Minister under paragraph 21, shall (notwithstanding sub-paragraph (3)(g)) have power—
(a)to remit the whole or part of any liability towards the Board of any subsidiary of the Board; and
(b)to cause any such subsidiary to remit the whole or part of any liability towards itself of any other subsidiary of the Board.
(3)Except with the consent of the Minister the Board shall not have power—
(a)to acquire any interest in a body corporate;
(b)to form or take part in forming a body corporate;
(c)to enter into a partnership or any other form of joint venture with any person other than a subsidiary of the Board;
(d)to acquire land;
(e)to guarantee any obligation (however arising) incurred by any person other than a subsidiary of the Board;
(f)to lend money to any person other than a subsidiary of the Board;
(g)as regards any debt to or other financial liability towards the Board, to accept in satisfaction thereof less than the full amount thereof in money or money’s worth.
(4)The Board shall not have power—
(a)to employ staff;
(b)to use any office accommodation, office equipment or other office facilities except under arrangements made under sub-paragraph (5); or
(c)except with the consent of the Minister, to engage the services of any person as consultant or adviser to the Board.
(5)The Board may make arrangements with the Crown Agents for the use by the Board—
(a)of the services of any person in the employment of, or who acts as consultant or adviser to, the Crown Agents; and
(b)of any office accommodation, office equipment or other office facilities for the time being occupied or used by the Crown Agents in the course of their business;
and any such arrangements may provide for payment to be made by the Board to the Crown Agents in respect of any such use at such rates as may be agreed from time to time between the parties with the approval of the Minister.
(6)Nothing in this paragraph shall preclude the Board from holding any property or right, meeting any liability or fulfilling any obligation which under paragraph 7 vests in them on the appointed day.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: