1388. Application of Part 17 to investment companies

(1) The provisions of Part 17 apply to an investment company save to the extent that they are disapplied by subsection (3) or (4).

(2) For the purposes of that application, references in Part 17 to a public limited company (however expressed) shall be read as references to a public limited company that is an investment company.

(3) The definitions of "authorised minimum" and "authorised share capital" in section 1000(1) shall not apply to an investment company.

(4) The provisions of Part 17 specified in the Table to this section shall not apply to an investment company.

Table

Subject matter	Provision disapplied
Ministerial power in relation to a defined expression	Section 1000(2)
Way of forming a PLC and form of its constitution	Section 1004(1) to (4) and sections 1005 to 1007
Restriction on commencement of business by a PLC	Section 1010
Power to allot certain securities and notification of allotments	Section 1021(3), (4) and (8)
Pre-emption rights	S

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