Section 14: Ownership of companies

Postal Services Act 2011 · 2011 c. 5View on legislation.gov.uk

Part 1: Restructuring of Royal Mail group

This section applies for the purposes of this Part.

References to ownership of a company are to ownership of its issued share capital.

References to ownership of a company include indirect ownership of it.

References to the reduction of the proportion of a company owned by the Crown include a reduction to nil.

For the purposes of determining the proportion of any company owned by the Crown, property and rights of the Secretary of State or the Treasury (or a nominee of either of them) are to be regarded as property and rights of the Crown.

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