Part I Air traffic
Chapter II Transfer schemes
Interpretation
65 Interpretation.
1
This section defines these expressions (here listed alphabetically) for the purposes of this Chapter—
a
company;
b
company which wholly owns a company;
c
company wholly owned by the CAA;
d
company wholly owned by the Crown;
e
a Northern Ireland Minister;
f
securities;
g
shares held by the Crown;
h
subsidiary and wholly owned subsidiary;
i
transferee;
j
transferor.
2
“Company” F1means a company as defined in section 1(1) of the Companies Act 2006.
3
A company is wholly owned by the Crown at any time when all its shares are held by the Crown.
4
Shares are held by the Crown if they are held—
a
by a Minister of the Crown or his nominee,
b
by a Northern Ireland Minister or his nominee,
c
by a Northern Ireland department, or
d
by a company of which all the shares are held by the Crown.
5
“Northern Ireland Minister” includes the First Minister and the deputy First Minister in Northern Ireland.
6
A company is wholly owned by the CAA at any time when it has no members except—
a
the CAA and its wholly owned subsidiaries, or
b
persons acting on behalf of the CAA or its wholly owned subsidiaries.
7
A company which wholly owns another company is a company of which the other is a wholly owned subsidiary.
8
The expressions “subsidiary” and “wholly owned subsidiary” have the meanings given by F2section 1159 of the Companies Act 2006.
9
“Securities” has the same meaning as in section 142 of the M1Financial Services Act 1986.
10
A transferee is any person to whom anything is or is to be transferred by a scheme.
11
A transferor is any person from whom anything is or is to be transferred by a scheme.
12
The definitions in this section apply unless the contrary intention appears.