sch.4-sec.115Exercise of reserve power of shareholding Ministers to give directions in public interest

### sch.4-sec.115 Exercise of reserve power of shareholding Ministers to give directions in public interest This section applies if, under section 115 (as it applies to GOCs), the shareholding Ministers of a shareholding GOC of a prescribed GOC subsidiary give the GOC’s board a written direction in relation to the GOC and its subsidiaries. The GOC must notify the subsidiary of the direction at least to the extent that the direction concerns the subsidiary . The subsidiary’s board must ensure that the direction is complied with in relation to the subsidiary to the extent that the direction concerns the subsidiary . (omitted) (omitted) sch 4 pt 2 ch 3 pt 10 s 115 ins 1998 No. 21 s 3 sch 1 amd 2007 No. 10 s 62 sch ; 2009 No. 9 s 121 (sch.4-sec.115-ssec.1) This section applies if, under section 115 (as it applies to GOCs), the shareholding Ministers of a shareholding GOC of a prescribed GOC subsidiary give the GOC’s board a written direction in relation to the GOC and its subsidiaries. (sch.4-sec.115-ssec.1A) The GOC must notify the subsidiary of the direction at least to the extent that the direction concerns the subsidiary . (sch.4-sec.115-ssec.2) The subsidiary’s board must ensure that the direction is complied with in relation to the subsidiary to the extent that the direction concerns the subsidiary . (sch.4-sec.115-ssec.3) (omitted) (sch.4-sec.115-ssec.4) (omitted)