UK Act of Parliament 1991 c. 66 United Kingdom

British Technology Group Act 1991

Read the Act on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader3

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.008 Financial structure of successor company. (opens in a new tab) Regulated
  • Maintain a statutory reserve and follow specific accounting rulesTrader
s.015 Administrative expenses. (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • Government must fund administrative costs of the ActCrown / Minister / Government department
16 other provisions — procedural and definitional
s.001 Vesting of property etc. of NRDC and NEB in a successor company. (opens in a new tab)
s.002 Extinguishment of NRDC reserve and NEB public dividend capital. (opens in a new tab)
s.003 Initial Government holding in the successor company. (opens in a new tab)
s.004 Government investment in securities of the successor company. (opens in a new tab)
s.005 Exercise of functions through nominees. (opens in a new tab)
s.006 Target investment limit for Government shareholding. (opens in a new tab)
s.007 Offers for sale of securities etc. (opens in a new tab)
s.009 Loans by Secretary of State to successor company. (opens in a new tab)
s.010 Temporary restrictions on successor company’s borrowings etc. (opens in a new tab)
s.011 Dissolution of the Corporation and Board. (opens in a new tab)
s.012 Corporation tax. (opens in a new tab)
s.013 Application of Trustee Investments Act 1961 in relation to investment in the successor company. (opens in a new tab)
s.014 Orders. (opens in a new tab)
s.016 Interpretation. (opens in a new tab)
s.017 Consequential amendments, repeals and transitional provisions. (opens in a new tab)
s.018 Short title, commencement and extent. (opens in a new tab)
Schedules

Schedules

3 of 15 shown
s.sch003 TRANSITIONAL PROVISIONS AND SAVINGS (opens in a new tab) Regulated
  • Ensure foreign property and liabilities transfer to the successor companyTrader
s.sch003 (1) It shall be the duty of the Corporation and... Regulated
  • Take steps to ensure foreign property vests effectively under foreign lawTrader
s.sch003 (1) Notwithstanding the repeal of section 13(2) of the Development... Regulated
Other duties (1) — Crown / regulator
  • Corporation and Board must prepare final annual reports and accountsCrown / Minister / Government department
12 other schedules
s.sch001 PROVISIONS SUPPLEMENTARY TO S. 1 (opens in a new tab)
s.sch001 Without prejudice to any powers of the Corporation or Board...
s.sch001 Any agreement made, transaction effected or other thing done by,...
s.sch001 Where immediately before the appointed day there is in force...
s.sch001 (1) It is hereby declared for the avoidance of doubt...
s.sch001 In the House of Commons Disqualification Act 1975, in Part...
s.sch002 REPEALS (opens in a new tab)
s.sch003 During the transitional period section 1(2) of the Development of...
s.sch003 (1) Where any loan made to the Corporation under section...
s.sch003 Sub-paragraphs (2) to (5) of paragraph 4 of Schedule 2...
s.sch003 Notwithstanding the repeal of section 7(6) of the Act of...
s.sch003 (1) Where it is proposed to declare a distribution during...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.