(1)In this Act—
“acounting year” means, F1. . . a period of twelve months ending with the 31st December in any year;
“the appointed day” means the day appointed by the Minister under section 1(1);
“the Board” means the Crown Agents Holding and Realisation Board;
F1. . .
“the Crown Agents” means the body corporate established by section 1;
F1. . .
“functions” includes powers and duties;
“the Minister” means the Minister of Overseas Development;
“pension”, in relation to any person, means a pension, whether contributory or not, of any kind whatever payable to or in respect of him, and includes an allowance or a gratuity so payable (whether on retirement or otherwise) and a return of contributions to a pension fund or of insurance premiums, with or without interest or any other addition;
“performance”, in relation to functions, includes the exercise of powers as well as the performance of duties, and “perform” shall be construed accordingly;
“regulations” means regulations made by the Minister with the approval of the Treasury;
F1. . .
“subsidiary” shall be construed in accordance with [F2section 736 of the Companies Act 1985]or [F3Article 4 of the Companies (Northern Ireland) Order 1986], and “wholly owned subsidiary” shall be construed in accordance with [F4[F5section 736(2)]of the Companies Act 1985]or [F6[F7Article 4(2)]of that Order of 1986];
“the unincorporated Agents” has the meaning given by section 1(2)(b).
F8(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F8(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)Any provision of this Act conferring a power to give directions or instructions shall be construed as imposing, on any person to whom directions or instructions are given thereunder, a duty to comply with those directions or instructions.
Subordinate Legislation Made
P1S. 31: for exercise of this power before 1.2.1991 see Index to Government Orders
Textual Amendments
F1Words in s. 31(1) repealed (21.3.1997) by 1995 c. 24, s. 13(2), Sch. 2 Pt. I (with saving in s. 11(8)); S.I. 1997/1139, art. 2
F2Words substituted by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27) s.30, Sch. 2
F3Words substituted by S.I. 1986/1035 (N.I. 9), art. 23, Sch. 1 Pt. II
F4Words substituted by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), s. 30, Sch. 2
F5Words substituted by Companies Act 1989 (c. 40, SIF 27), s. 144(4), Sch. 18 para. 21
F6Words substituted by S.I. 1986/1035 (N.I. 9), art. 23, Sch. 1 Pt. II
F7Words in s. 31(1) substituted (N.I.) (20.5.1991) by S.I. 1990/1504 (N.I. 10), art. 62(4), Sch. 3 para. 9; S.R. 1991/153, art. 2(a)
F8S. 31(2)(3) repealed (21.3.1997) by 1995 c. 24, s. 13(2), Sch. 2 Pt. I (with saving in s. 11(8)); S.I. 1997/1139, art. 2