Gas Regulation Act 2013


Network company

Network company

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.