157 Restriction on exercise of certain powers except through a company

157  Restriction on exercise of certain powers except through a company

(1)     The Secretary of State may by order made with the consent of the Treasury provide that Transport for London shall not carry on such activities as are specified in the order except through[—

(a)     a limited liability partnership of which a subsidiary of Transport for London (but not Transport for London) is a member; or

(b)     a company which is registered under the Companies Act 2006 and limited by shares or limited by guarantee and which

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