15(1)Section 74 (further provisions relating to the capital structure of the Post Office company) is amended as follows.U.K.
(2)In the heading, for “the Post Office company” substitute “ certain relevant companies ”.
(3)In subsection (1), for “the Post Office company” substitute “ a company within subsection (1A) ”.
(4)After that subsection insert—
“(1A)A company is within this subsection if—
(a)it is a relevant company,
(b)it is wholly owned by the Crown, and
(c)it does not have a parent company.”
(5)In subsection (3)—
(a)for “The Post Office company” substitute “ A company within subsection (1A) ”, and
(b)at the end insert “ (or their nominees) ”.
(6)In subsection (4), after “the Secretary of State” insert “ (or a nominee of the Secretary of State) ”.
(7)In subsection (7)(b), for “the Post Office company” substitute “ the relevant company ”.
Commencement Information
I1Sch. 12 para. 15 in force at 1.10.2011 by S.I. 2011/2329, art. 3