(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.
Textual Amendments
F1Words in s. 65(2) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 184(6)(a) (with art. 10)
F2Words in s. 65(8) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 184(6)(b) (with art. 10)
Marginal Citations