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Companies Act 1989
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Changes over time for: Paragraph 32
Version Superseded: 01/10/2009
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- 01/02/1991- Amendment
- 06/03/1992
Point in time - 01/10/2009- Amendment
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Point in time view as at 06/03/1992.
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There are currently no known outstanding effects for the Companies Act 1989, Paragraph 32.
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32(1)The following provisions have effect with respect to the operation of section 23 of the Companies Act 1985 (prohibition on subsidiary being a member of its holding company).U.K.
(2)In relation to times, circumstances and purposes before the commencement of section 144(1) of this Act, the references in section 23 to a subsidiary or holding company shall be construed in accordance with section 736 of the Companies Act 1985 as originally enacted.
(3)Where a body corporate becomes or ceases to be a subsidiary of a holding company by reason of section 144(1) coming into force, the prohibition in section 23 of the Companies Act 1985 shall apply (in the absence of exempting circumstances), or cease to apply, accordingly.
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