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Commonwealth Development Corporation Act 1999

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This is the original version (as it was originally enacted).

24Powers and duties of Corporation before registration

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(1)The following shall be inserted after section 2(3) of the [1978 c. 2.] Commonwealth Development Corporation Act 1978 (powers)—

“(3A)The Corporation shall have power to do anything which it considers necessary or expedient for the purposes of, or for purposes related to—

(a)the provisions of the Commonwealth Development Corporation Act 1999,

(b)the operation of the Corporation after registration, or

(c)the listing, sale or issue of securities after registration by the Corporation or a company associated with it.

(3B)Expressions used in subsection (3A) and in the 1999 Act have the same meaning in that subsection as in that Act.”.

(2)The following shall be added at the end of section 6 of the 1978 Act (annual report, information, &c.)—

“(4)The Corporation shall so far as is reasonably practicable comply with any request from the Secretary of State to provide him with information or assistance for a purpose related to—

(a)the exercise of any function of the Secretary of State or the Treasury under this Act or the Commonwealth Development Corporation Act 1999, or

(b)the listing, sale or issue of securities after registration by the Corporation or a company associated with it.

(5)Expressions used in subsection (4) and in the 1999 Act have the same meaning in that subsection as in that Act.”.

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