SCHEDULES
SCHEDULE 18“Subsidiary” and related expressions: consequential amendments and savings
Companies Act 1985 (c. 6)
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Section 293 of the Companies Act 1985 (age limit for directors) does not apply in relation to a director of a company if—
a
he had attained the age of 70 before the commencement of section 144(1) of this Act, and
b
the company became a subsidiary of a public company by reason only of the commencement of that subsection.