PART II REORGANISATION OF THE INDUSTRY
Transfers to successor companies
69 Functions of Secretary of State in relation to transfer schemes.
(1)
A transfer scheme shall not take effect unless it is approved by the Secretary of State; and the Secretary of State may modify such a scheme before approving it.
(2)
If, in relation to a transfer scheme—
(a)
the transferor fails, before the date specified in the Secretary of State’s direction under the relevant subsection, to submit the scheme for the approval of the Secretary of State; or
(b)
the Secretary of State decides not to approve the scheme that has been submitted to him by the transferor (either with or without modifications),
the Secretary of State may himself make the scheme.
(3)
It shall be the duty of the transferor to provide the Secretary of State with all such information and other assistance as he may require for the purposes of or in connection with the exercise, in relation to a transfer scheme, of any power conferred on him by subsection (1) or (2) above.
(4)
The Secretary of State shall not exercise any power conferred on him by subsection (1) or (2) above except after consultation with the transferor and—
(a)
in the case of a scheme under section 66(1) above, the Area Boards; and
(b)
in the case of a scheme under section 67(1) above, the other Scottish Board.