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Act of ParliamentNot in force

Aircraft and Shipbuilding Industries Act 1977 (repealed)

Citation
1977 c. 3
As at
Sections
116
Section 1British Aerospace and British Shipbuilders.

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Section 3Powers of the Corporations.

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Section 4Corporations to give effect to directions of Secretary of State.

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Section 4AOrganisation of British Shipbuilders’ activities.

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Section 4BDiscontinuance and restriction of British Shipbuilders activities.

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Section 6Machinery for settling terms and conditions of employment et ceteralaetc.

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Section 7Formulation of the Corporations’ policies and plans and conduct of their operations.

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Section 8Furnishing and publication of information by the Corporations.

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Section 9Control by Corporations of wholly owned subsidiaries.

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Section 10Financial duties of the Corporations.

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Section 11Borrowing powers of the Corporations and their wholly owned subsidiaries.

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Section 12Loans by the Secretary of State to the Corporations.

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Section 13Treasury guarantees.

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Section 14Transfer to Corporations of rights and obligations with respect to certain government loans.

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Section 15The commencing capital of each Corporation.

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Section 16Public dividend capital and public dividends.

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Section 17Accounts and audit.

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Section 18Annual report.

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Section 19Vesting in British Aerospace or British Shipbuilders of securities of Scheduled companies.

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Section 20Vesting in acquired company of certain assets of privately-owned companies in same group.

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Section 21Certain loans from associated persons to be treated as securities.

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Section 22Determination of rights to require the issue of securities or to nominate directors.

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Section 23Control of dividends and interest.

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Section 24Permitted dividends and interest.

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Section 25Final payments of dividend and interest.

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Section 26Power to acquire securities of certain additional companies.

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Section 27Removal of company from companies to be acquired.

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Section 28Prohibition of transfer of certain works.

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Section 29Recovery of assets transferred away.

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Section 30Dissipation of assets by transactions involving holders of securities et ceteralaetc.

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Section 31Onerous transactions: disclaimer and recovery of losses.

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Section 32Provisions supplementary to section 31.

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Section 33Supplementary provisions relating to dissipation of assets.

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Section 34Approvals and undertakings given before passing of Act.

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Section 35Compensation for vesting of securities.

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Section 36Payment of compensation.

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Section 37Base value of securities of a listed class.

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Section 38Base value of other securities.

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Section 39The appropriate deduction.

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Section 40General provisions as to compensation stock.

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Section 41Stockholders’ representatives.

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Section 42The arbitration tribunal.

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Section 43Scottish proceedings.

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Section 44Staff and expenses of arbitration tribunal.

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Section 47Right of persons to object to practices of British Shipbuilders or their wholly owned subsidiaries.

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Section 48Duty of the Corporations to consult et ceteralaetc. with Northern Ireland state-controlled bodies.

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Section 49Provisions as to pension rights.

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Section 50Compensation for loss of employment, emoluments or pension rights.

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Section 51Furnishing of information to the Secretary of State.

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Section 52Restriction on disclosure of information.

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116 sections

Cite this legislation

Aircraft and Shipbuilding Industries Act 1977 (repealed) (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/ukpga-1977-3

Contains public sector information licensed under the Open Government Licence v3.0.

OGL-3

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