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Companies Act 1985
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Changes over time for: Paragraph 20
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 02/02/1996- Amendment
- 06/04/1997
Point in time - Stop date 06/04/2008- Amendment
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Point in time view as at 06/04/1997. This version of this provision has been superseded.
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20(1)The number, description and amount of the shares in F1. . .the company held by or on behalf of its subsidiary undertakings shall be disclosed.
(2)Sub-paragraph (1) does not apply in relation to shares F2. . . in the case of which the subsidiary undertaking is concerned as personal representative or, subject as follows, as trustee.
(3)The exception for shares. . .in relation to which the subsidiary undertaking is concerned as trustee does not apply if the company or any of its subsidiary undertakings is beneficially interested under the trust, otherwise than by way of security only for the purposes of a transaction entered into by it in the ordinary course of a business which includes the lending of money.
(4)Schedule 2 to this Act has effect for the interpretation of the reference in sub-paragraph (3) to a beneficial interest under a trust.
Textual Amendments
F1Words in Sch. 5 para. 20(1) omitted (2.2.1996) by virtue of S.I. 1996/189, reg. 14(3), Sch. 3 para. 17(2) (with reg. 16)
F2Words in Sch. 5 para. 20(2)(3) omitted (2.2.1996) by virtue of S.I. 1996/189, reg. 14(3), Sch. 3 para. 17(3) (with reg. 16)
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