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Iron and Steel Act 1982

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. PART I The British Steel Corporation and their Subsidiaries

    1. 1.The British Steel Corporation

    2. 2.Powers of the Corporation

    3. 3.General directions of the Secretary of State

    4. 4.Organisation of the Corporation's activities

    5. 5.Discontinuance and restriction of the Corporation's activities

    6. 6.Duty to report to the Secretary of State

    7. 7.Machinery for settling terms and conditions of employment

    8. 8.Pension rights

    9. 9.Compulsory purchase of land

    10. 10.Power to promote and oppose Bills, etc.

    11. 11.Provisions as to publicly-owned companies

    12. 12.Transfer of property etc. and dissolution of publicly-owned companies

    13. 13.Taxation liability of Corporation

  3. PART II Finance

    1. 14.General financial duties of the Corporation

    2. 15.General reserve

    3. 16.Borrowing powers of the Corporation etc.

    4. 17.Loans by the Secretary of State to the Corporation

    5. 18.Other public investment in the Corporation

    6. 19.Limit on borrowing by and investment in the Corporation

    7. 20.Accounts of the Secretary of State

    8. 21.Treasury guarantees

    9. 22.Investment powers of the Corporation

    10. 23.The Corporation's financial year

    11. 24.Accounts of the Corporation and audit

  4. PART III Iron and Steel Arbitration Tribunal

    1. 25.Iron and Steel Arbitration Tribunal

    2. 26.Procedure and enforcement of orders

    3. 27.Transfer of proceedings between England and Scotland

    4. 28.Staff and expenses of the arbitration tribunal

  5. PART IV Miscellaneous and General

    1. 29.Power of the Secretary of State to extend definition of iron and steel activities

    2. 30.Consultation with respect to carbonisation development between the Corporation and the National Coal Board

    3. 31.Power of the Secretary of State to require information from iron and steel producers

    4. 32.False information

    5. 33.Restriction of disclosure of information

    6. 34.Offences by bodies corporate

    7. 35.Service of documents

    8. 36.Regulations, orders and rules

    9. 37.Interpretation

    10. 38.Consequential provisions etc. and repeals

    11. 39.Short title, commencement and extent

  6. SCHEDULES

    1. SCHEDULE 1

      Provisions as to the Corporation

      1. Deputy chairmen

        1. 1.The Secretary of State may appoint one or more members...

      2. Terms of office of members

        1. 2.(1) Every member of the Corporation shall hold and vacate...

        2. 3.(1) Before appointing a person to be a member of...

        3. 4.(1) a member of the Corporation who is in any...

      3. Meetings and proceedings

        1. 5.The Corporation may act notwithstanding a vacancy among their members....

        2. 6.(1) The quorum of the Corporation shall be such number...

      4. Remuneration, pensions, etc. of members

        1. 7.The Corporation— (a) shall pay to their members such remuneration...

      5. Compensation for loss of office

        1. 8.Where a person ceases, otherwise than on the expiry of...

      6. Officers

        1. 9.The Corporation shall appoint a secretary and may appoint such...

      7. Sealing of instruments

        1. 10.The fixing of the seal of the Corporation shall be...

        2. 11.Every document purporting to be an instrument issued by the...

    2. SCHEDULE 2

      Information Respecting Classes of Business

      1. 1.This Schedule applies to business of a kind which consists...

      2. 2.(1) If a body in the group consisting of the...

      3. 3.(1) If, in the course of a financial year of...

      4. 4.Each report made by the Corporation under section 6(2) of...

      5. 5.The method used in arriving at a determination in any...

      6. 6.The Corporation shall not be required, by virtue of this...

      7. 7.The Secretary of State may from time to time direct...

      8. 8.The Secretary of State may from time to time vary...

    3. SCHEDULE 3

      Pension Rights of Employees

      1. 1.(1) The Secretary of State may make regulations for all...

      2. 2.(1) Where provision is made by any regulations under this...

      3. 3.Without prejudice to the generality of the preceding provisions of...

      4. 4.(1) Regulations made under this Schedule may contain such supplementary...

      5. 5.In this Schedule— " pension fund " means a fund...

    4. SCHEDULE 4

      Constitution and Proceedings of Publicly-Owned Companies That Are Private Companies

      1. Private companies

        1. 1.This Schedule applies to any publicly-owned company that is a...

      2. Meetings

        1. 2.Notwithstanding anything in section 134 of the Companies Act 1948,...

        2. 3.(1) The provisions of this paragraph apply in respect of...

      3. Directors

        1. 4.Any provision in the memorandum or articles of association of...

        2. 5.The power conferred on a company by section 184 of...

      4. Alteration of memorandum

        1. 6.A relevant company shall not, without the consent in writing...

        2. 7.The power conferred by subsection (1) of section 23 of...

      5. Reduction of capital

        1. 8.The power conferred by section 66 of the Companies Act...

      6. Number of members

        1. 9.No petition shall be presented for the winding up of...

        2. 10.In this Schedule " special resolution ", " extraordinary resolution...

    5. SCHEDULE 5

      Iron and Steel Activities

      1. 1.The quarrying or mining of iron ore or the treatment...

      2. 2.The smelting of iron ore in a blast furnace with...

      3. 3.The production of steel by any process.

      4. 4.The casting of iron or steel by any process.

      5. 5.The rolling, with or without heat, of any iron and...

      6. 6.The production, with or without heat, of iron or steel...

      7. 7.The production from iron or steel of bright bars or...

      8. 8.The production of tinplate or terneplate. Note: The production of...

    6. SCHEDULE 6

      Consequential and Transitional Provisions and Savings

      1. Periods running at commencement

        1. 1.Where any period of time specified in any provision repealed...

      2. The Mineral Workings Act 1951

        1. 2.In subsection (1) of section 15 of the Mineral Workings...

      3. The Building Control Act 1966

        1. 3.The Building Control Act 1966 shall continue to have effect...

      4. Fair trading

        1. 4.The repeal by this Act of paragraph 8 of Schedule...

      5. The Tribunals and Inquiries Act 1971

        1. 5.In Part I of Schedule 1 to the Tribunals and...

      6. Investment grants

        1. 6.(1) Where in pursuance of an order under section 12(1)...

      7. Functions transferred to the Corporation

        1. 7.The repeal by this Act of Schedule 6 to the...

      8. Compensation regulations

        1. 8.The repeal by this Act of subsection (6) of section...

    7. SCHEDULE 7

      Repeals

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