HL Deb 27 October 1981 vol 424 c1050

197 Schedule 1, page 116, line 44, at end insert—

("Wholly owned subsidiaries

91A. In this Schedule, "wholly owned subsidiary" has the same meaning as it has for the purposes of section 150 of this Act.").

Lord Lyell

My Lords, this amendment seeks to clarify the position. It provides that the definition of "wholly-owned subsidiary" has the same meaning as it has for the purposes of Section 150 of the master Act, the Companies Act. I beg to move that this House doth agree with the Commons in their Amendment No. 197.

Moved, That this House doth agree with the Commons in the said amendment.—(Lord Lyell.)

On Question, Motion agreed to.