800. Securities to be issued.

800.     Securities to be issued.

With the consent of the Treasury1, the Secretary of State2 may give one or more directions if he thinks that to do so would be appropriate in connection with a direction which has been given in relation to extinguishment of liabilities3. A direction may be given to:


    (1)     the company4 whose liability is to be extinguished5;


    (2)     a company which wholly owns that company6;


    (3)     a company which is a wholly owned subsidiary of a company falling within head (1) or head (2) above7.

A direction may require the company to issue to