sch.4-sec.138Reserve power of shareholding Ministers to direct that asset not be disposed of

### sch.4-sec.138 Reserve power of shareholding Ministers to direct that asset not be disposed of This section applies if, under section 138 (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 requiring the subsidiary not to dispose of a specified asset . The GOC must notify the subsidiary of the direction . The subsidiary’s board must ensure the direction is complied with in relation to the subsidiary . ( omitted ) sch 4 pt 2 ch 3 pt 15 s 138 ins 1998 No. 21 s 3 sch 1 amd 2009 No. 9 s 131 (sch.4-sec.138-ssec.1) This section applies if, under section 138 (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 requiring the subsidiary not to dispose of a specified asset . (sch.4-sec.138-ssec.1A) The GOC must notify the subsidiary of the direction . (sch.4-sec.138-ssec.2) The subsidiary’s board must ensure the direction is complied with in relation to the subsidiary . (sch.4-sec.138-ssec.3) ( omitted )