Gas Regulation Act 2013
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PART 2 Network company | ||
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Network company | ||
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5. (1) As soon as practicable after the commencement of this section, BGÉ shall form and register under the Companies Acts in accordance with this Part a private company limited by shares (in this Act referred to as the “network company”). | ||
(2) Paragraph (b) of subsection (1) of section 6 (inserted by section 3 of, and the First Schedule to, the Companies (Amendment) Act 1983 ) of the Companies Act 1963 shall not apply to the network company. | ||
(3) BGÉ shall be the sole member of the network company. | ||
(4) BGÉ may not transfer the ownership of the network company. |