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

### sec.138 Reserve power of shareholding Ministers to direct that asset not be disposed of The shareholding Ministers of a GOC may, after consultation with the board of a GOC, give the board a written direction requiring the GOC or a subsidiary of the GOC not to dispose of a specified asset. The board must ensure that the direction is complied with in relation to the GOC and must, as far as practicable, ensure that it is complied with in relation to any relevant subsidiary. The shareholding Ministers must cause a copy of the direction to be published in the gazette within 21 days after it is given. s 138 prev s 138 om 2007 No. 10 s 62 sch (sec.138-ssec.1) The shareholding Ministers of a GOC may, after consultation with the board of a GOC, give the board a written direction requiring the GOC or a subsidiary of the GOC not to dispose of a specified asset. (sec.138-ssec.2) The board must ensure that the direction is complied with in relation to the GOC and must, as far as practicable, ensure that it is complied with in relation to any relevant subsidiary. (sec.138-ssec.3) The shareholding Ministers must cause a copy of the direction to be published in the gazette within 21 days after it is given.