- Latest available (Revised)
- Point in Time (28/04/2003)
- Original (As enacted)
Version Superseded: 06/04/2008
Point in time view as at 28/04/2003.
There are currently no known outstanding effects for the Commonwealth Development Corporation Act 1999, Cross Heading: General.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)A company is wholly owned by the Crown for the purposes of this Act at any time when all its shares are held by the Crown.
(2)For the purposes of this Act shares are held by the Crown if they are held—
(a)by a Minister of the Crown or his nominee, or
(b)by a company of which all the shares are held by the Crown.
(3)The reference to a company in subsection (1) includes a reference to the Corporation on and after registration.
(4)A company is associated with the Corporation for the purposes of this Act if—
(a)it is designated for the purposes of this subsection by an order of the Secretary of State made by statutory instrument, and
(b)it is wholly owned by the Crown.
(5)The Secretary of State may designate a company for the purposes of this subsection by order made by statutory instrument; and a company which has at any time been designated for the purposes of this subsection may not be designated for the purposes of subsection (4).
(1)In this Act—
(a)“securities” in relation to the Corporation or another company means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not,
(b)a reference to a company includes a reference to any body corporate, wherever incorporated,
(c)a reference to a nominee of a Minister of the Crown includes a reference to a person to whom section 19(2) applies, and
(d)a reference to a provision of the M1Commonwealth Development Corporation Act 1978 includes a reference to any relevant earlier enactment.
(2)An expression listed in the Table has the same meaning in this Act as in the specified provision of the M2Companies Act 1985.
Expression | Defining provision |
---|---|
Allotment. | Section 738. |
Authorised minimum. | Section 118(1). |
Called-up share capital. | Section 737(1). |
Net assets. | Section 264(2). |
Paid up. | Section 738. |
Registrar of companies. | Section 744. |
Shadow director. | Section 741. |
Undistributable reserves. | Section 264(3). |
The enactments listed in Schedule 4 shall on registration be repealed to the extent specified.
(1)This Act may be cited as the Commonwealth Development Corporation Act 1999.
(2)This Act extends to Northern Ireland.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: