HC Deb 01 July 1975 vol 894 c1331

Amendments made:

No. 124, in page 29, line 13, at end insert:

'Acquisition of holdings of minority shareholders

18A. Section 209 of the Companies Act 1948 (power to acquire shares of shareholders dissenting from scheme or contract approved by majority) shall have effect in relation to the transfer of shares or any class of shares in a company to the Board; and references to a transferee company in that section shall be construed accordingly'.

No. 125, in page 29, line 30, at end insert: '(3) If a report so laid sets out a direction under section 6 above a copy of which has not been laid in accordance with subsection (2A) of that section, a statement of the reason why the copy was not so laid shall be annexed to the Board's report by the Secretary of State, and the said subsection (2A) shall not apply to the direction'.—[Mr. Varley.]

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