International Development Act 2002
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
6 Financial assistance
(1) Financial assistance may be provided under this Act— (a) by way of grant or loan, (b) in the form of a guarantee, or (c) by the Minister acquiring securities of a company. (2) More than one form of financial assistance may be provided in any case. (3) In this section— “company” includes any body corporate, wherever registered; and “securities”, in relation to a company, means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not. (4) This section is subject to section 7(3) (Treasury approval required for certain financial assistance). (5) In a case where securities of a company are acquired by the Treasury, the securities are to be treated as held by the persons for the time being constituting the Treasury.
6 Financial assistance
(1) Financial assistance may be provided under this Act— (a) by way of grant or loan, (b) in the form of a guarantee, or (c) by the Minister acquiring securities of a company. (2) More than one form of financial assistance may be provided in any case. (3) In this section— “company” includes any body corporate, wherever registered; and “securities”, in relation to a company, means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not. (4) This section is subject to section 7(3) (Treasury approval required for certain financial assistance). (5) In a case where securities of a company are acquired by the Treasury, the securities are to be treated as held by the persons for the time being constituting the Treasury.
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