OpenLegislation

Companies Act 1985

1985 c. 6 · Enacted 11 March 1985 · Extends to United Kingdom

Not fully up to date. 4 changes made by later legislation have not yet been written into this text, which is revised to 7 April 2026.

See the changes not yet applied
ProvisionChangeMade by
Pt. 18repealedBankruptcy and Diligence etc. (Scotland) Act 2007 s. 46(1)
s. 464(6)words insertedCompanies Act 1989 s. 140(7)
s. 466(4)(5)repealedCompanies Act 1989 s. 140(8) Sch. 24
s. 466(6)words repealedCompanies Act 1989 s. 140(8) Sch. 24

An Act to consolidate the greater part of the Companies Acts.

[11th March 1985]

C1C2C3C4C5C6C7C8C9C10C11C12C13C14C15C16C17C18C19C20C21C22C23C24C25C26C27C28C29E1C30C31C32C33C34C35C36C37C38C39C40C41C42C43C44C45C46C47C48C49E2C50C51C52C53C54C55C56C57C58C59C60C61C62C63C64C65C66C67C68C69C70C71C72C73C74C75C76C77C78C79C80C81C82C83C84C85C86C87C88C89Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—C90C91C92C93C94

Annotations to the whole text

Modifications

C1

Act amended by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), ss. 1(2), 6, 31(4)

C2

Act excluded by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), s. 22

C3

Act applied (with modifications) by S.I. 1985/680, regs. 4-6, Sch.

Act applied (with modifications) by S.I. 1986/2142, arts. 1(2), 13(3)(4)(6), Sch. 2

C4

Act modified by S.I. 1985/724, regs. 2(3)(4), 6(1)

C5

Act applied by Trustee Savings Bank Act 1985 (c. 58, SIF 110), s. 1(3)

C6

Act modified by Trustee Savings Bank Act 1985 (c. 58, SIF 110), s. 3, Sch. 1 paras. 6(3), 7(3)

C7

Act modified by Airports Act 1986 (c. 31, SIF 9), s. 4(4)(b)

C8

Act excluded by Drug Trafficking Offences Act 1986 (c. 32, SIF 39:1), s. 17(6)

C9

Act explained by Insolvency Act 1986 (c. 45, SIF 66), s. 159

C10

Act amended by Insolvency Act 1986 (c. 45, SIF 66), s. 219

C11

Act applied with modifications by Insolvency Act 1986 (c. 45, SIF 66), s. 221

C12

Act excluded by Insolvency Act 1986 (c. 45, SIF 66), s. 229(2)

C13

Act: power to apply conferred by Financial Services Act 1986 (c. 60, SIF 69), ss. 117(4), 140, Sch. 11 para. 31

C14

Act restricted by Financial Services Act 1986 (c. 60, SIF 69), s. 116, Sch. 9 para. 2(1)

C15

Act excluded (temporarily) by Criminal Justice (Scotland) Act 1987 (c. 41, SIF 39:1), s. 35(3)–(6)

C16

Act excluded (temporarily) by Criminal Justice (Scotland) Act 1987 (c. 41, SIF 39:1), s. 36(3)(5)

C17

Act modified by British Steel Act 1988 (c. 35, SIF 70) s. 3(3)(b)

C18

Act modified by Health and Medicines Act 1988 (c. 49, SIF 113:2), s. 1(5)

C19

Act modified by S.I. 1989/638, regs. 8(1), 21

Act modified (27. 12. 1991) by S.I. 1991/2908, art. 2, Sch. paras. 4(2),6

C20

Act amended by S.I. 1989/638, regs. 12(1), 21

C21

Act modified (E.W.) by Water Act 1989 (c. 15, SIF 130), s. 83(5)(b) (with ss. 58(7), 101(1), 141(6), 160(1)(2)(4), 163, 189(4)–(10), 190, 193(1), Sch. 26 paras. 3(1)(2), 17, 40(4), 57(6), 58)

C22

Act excluded (E.W.) by Water Act 1989 (c. 15, SIF 130), s. 101(1) (with ss. 58(7), 141(6), 160(1)(2)(4), 163, 189(4)–(10), 190, 193(1), Sch. 26 paras. 3(1)(2), 17, 40(4), 57(6), 58)

C23

Act applied (1. 10. 1991) by Companies Act 1989 (c. 40, SIF 27), s. 29(3); S.I. 1991/1996, art. 2(1)(a)

C24

Act amended by S.I. 1990/355, art. 7, Sch. 2 para. 14(2)

C25

Act modified by Broadcasting Act 1990 (c. 42, SIF 96), ss. 4(6), 87(6), 135(4)(b)

C26

Act amended (31. 5. 1991) by Environmental Protection Act 1990 (c. 43, SIF 46:4), s. 32(6), Sch. 2 para. 9(1); S.I. 1991/1319, art. 2

C27

Act applied with modifications by S.I. 1990/2570, regs. 3(1)(4), 16(1)

C28

Act amended by S.I. 1990/2570, regs. 8(1), 9

C29

Act modified by S.I. 1990/2570, reg. 10(5)

C30

Act excluded by Smith Kline & French Laboratories, Australia, and Menley & James, Australia, Act 1991 (c. i), s. 4(1)(b)

C31

Act applied by Standard Life Assurance Company Act 1991 (c. iii), s. 21(2)

C32

Act applied (with modifications) by S.I. 1991/823, reg. 3.

C33

Act modified (27.6.1991) by Ports Act 1991 (c. 52, SIF 58), s. 3(4)(b)

C34

Act: definitions applied (S.) (27. 11. 1991) by Natural Heritage (Scotland) Act 1991 (c. 28, SIF 46:1), s. 2(1)(e); S.I. 1991/2633, art. 3, Sch.

C35

Act: definition of "debentures" applied (E.W.) (1.12.1991) by Statutory Water Companies Act 1991 (c. 58, SIF 130), ss. 13(7), 17(2)

Act applied (except s. 83 and s. 84 in part) (19.6.1995) by S.I. 1995/1537, reg. 20, Sch. 4 Pt. III para. 11

Act applied (21.3.1997) by 1986 c. 53, s. 101(6) (as substituted (21.3.1997) by 1997 c. 32, s. 41)

Act: certain provisions applied (E.W.) (7.10.2001) by S.I. 2001/3352, rule 4.11(5)

C36

Act: definition of "company" applied (E.W.) (1.12.1991) by Water Industry Act 1991 (c. 56, SIF 130), ss. 219(1), 223(2) (with ss. 82(3), 186(1), 222(1))

C37

Act: definition of "company" applied (E.W.) (1.12.1991) by Statutory Water Companies Act 1991 (c. 58, SIF 130), ss. 9(3), 17(2)

C38

Act excluded (E.W.) (1.12.1991) by Statutory Water Companies Act 1991 (c. 58, SIF 130), ss. 11(2), 17(2)

C39

Act: definitions of "extraordinary resolution", "registrar of companies" and "special resolution" applied (E.W.) (1.12.1991) by Statutory Water Companies Act 1991 (c. 58, SIF 130), ss. 12(8), 17(2)

C40

Act restricted (16.10.1992) by Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52), ss. 10, 302

Act restricted (6.1.1994) by 1993 c. 43, s. 114(1); S.I. 1993/3237, art. 2(2)

C41

Act extended (with modifications) (19.12.1993) by S.I. 1993/3245, reg.3

C42

Act modified (31.10.1994) by 1994 c. 21, s. 15, Sch. 3 para. 2(4)(b) (with s. 40(7)); S.I. 1994/2552, art. 2, Sch. 1

Act modified (31.10.1994) by 1994 c. 21, s. 67(1), Sch. 9 para. 32 (with s. 40(7)); S.I. 1994/2553, art. 2

Act modified (8.11.1995) by 1995 c. 37, s. 6, Sch. 2 para. 1(5)(b)

Act modified (8.11.1995) by 1995 c. 45, s. 17(1), Sch. 5 Pt. I paras. 1, 8(c)

Act modified (27.7.1999) by 1999 c. 20, s. 5(1), Sch. 2 Pt. II (with s. 15)

Act modified (27.7.1999) by 1999 c. 20, s. 6(2)(b) (with s. 15)

Act modified (temp. from 27.7.1999) by 1999 c. 20, s. 16(1)(4)(b) (with s. 15)

Act modified (6.11.2000) by 2000 c. 26, s. 63(7)(b); S.I. 2000/2957, art. 2(1), Sch. 1 (with transitional provisions in arts. 3-8)

Act modified (16.2.2001) by 2000 c. 27, s. 108, Sch. 7 paras. 8, 9; S.I. 2001/1781, art. 2, Sch. (subject to transitional provisions in arts. 3-10)

Act modified (5.10.2004) by Energy Act 2004 (c. 20), ss. 39, 198(2), Sch. 6 para. 2(4)(c) (with s. 38(2)); S.I. 2004/2575, art. 2(1), Sch. 1

C43

Act amended (8.11.1995) by 1995 c. 37, s. 6, Sch. 2 para. 14

C44

Act excluded and modified (31.3.1996) by 1995 c. 20, s. 110(1), Sch. 4 para. 3(3)(7) (which amendment was repealed (1.4.1996) by 1995 c. 40, s. 6(1), Sch. 5)

C45

Act excluded (3.2.1995) by 1994 c. 37, ss. 66(1), 69(2), Sch. 2 para. 6 (with s. 66(2))

Act excluded (31.3.1996) by 1995 c. 20, s. 110(1), Sch. 4 para. 4(3)(5) (which amendment was repealed (1.4.1996) by 1995 c. 40, s. 6(1), Sch. 5)

Act excluded (in part) (E.W.) (17.6.1996) by 1996 c. ii, s. 4(2)

Act excluded (E.W.) (1.10.1996) by 1996 c. 52, s. 7, Sch. 1 Pt. II para. 15(2) (with s. 51(4)); S.I. 1996/2402, art. 3 (subject to transitional provisions and savings in Sch.)

Act excluded (S.) (1.11.2001) by 2001 asp 10, s. 63, Sch. 7 Pt. II para. 12(3); S.S.I. 2001/336, art. 2(1)(3), Sch. Pt. II (subject to transitional provisions and savings in art. 3)

Act excluded (S.) (17.12.2001) by 2001 asp 13, s. 20, Sch. 6 para. 9(5) (with s. 29); S.S.I. 2001/456, art. 2

Act excluded (E.W.N.I.) (1.9.2001) by 2001 c. 17, s. 38, Sch. 6 para. 11(5) (with ss. 27(3), 39, 78); S.I. 2001/2161, art. 3

Act excluded (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), ss. 426(10)(a), 458(1)(3); S.I. 2003/333, art. 2, Sch. 1 (as amended by S.I. 2003/531)

C46

Act extended (6.1.1997) by S.I. 1996/2827, reg. 2(4)

C47

Act applied (with modifications) (1.6.1998) by 1998 c. 11, s. 7(3)(9); S.I. 1998/1120, art. 2

C48

Act: specified provisions applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4(1), Sch. 2 Pt. 1 (as amended (1.10.2009) by S.I. 2009/1804, reg. 85, Sch. 3 para. 13(3)(5) (as amended by S.I. 2009/1833, reg. 2(2)))

C49

Act modified (1.1.2007, 20.1.2007, 6.4.2007, 1.10.2007, 1.11.2007, 15.12.2007, 6.4.2008, 1.10.2008 for certain purposes, otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1168, 1173, 1300; S.I. 2006/3428, arts. 2(2)(f)(g), 3(2)(c)(d) (subject to Sch. 1, and with art. 6, and with transitional provisions and savings in art. 8, Sch. 5) (as amended by S.I. 2007/3495, art. 11, Sch. 5 and S.I. 2008/2860, art. 6); S.I. 2007/1093, arts. 2(2)(g)(h) (with arts. 4, 11(1) and subject to transitional adaptations in Sch. 1) (as amended by S.I. 2008/2194, arts. 2(3)(j)(k)3(2)(d), 4(2)(a), (with saving in art. 12 and with transitional provisions and savings in Sch. 3 and subject to transitional adaptations specified in Sch. 1) (as amended by S.I. 2007/2607, art. 4); S.I. 2007/3495, arts. 3(3)(i)(j), 5(3)(b)(c) (with transitional provisions in arts. 6, 9, Sch. 4 and with savings in arts. 7, 12 and with transitional adaptations in Sch. 1) (as amended by S.I. 2008/1886, Sch. 4 para. 15); S.I. 2008/2860, art. 2(u) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch., S.I. 2009/1941, art. 13, S.I. 2009/2476, art. 2))

C50

Act: power to apply conferred (20.1.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1042, 1300; S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2008/2860, art. 3(p) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C51

Act: power to apply (with modifications) conferred (20.1.2007 for specified purposes and 6.4.2007 otherwise) by Companies Act 2006 (c. 46), ss. 1043(2), 1300; S.I. 2006/3428, art. 3(3), (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2007/1093, art. 2(1)(c)

C52

Act excluded (20.1.2007, 6.4.2007, 1.10.2007, 6.4.2008 and 1.10.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1129, 1300 (with s. 1133); S.I. 2006/3428, art. 3(2)(b) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2007/1093, art. 2(2)(c); S.I. 2007/2194, art. 2(1)(l)(3)(h) (with art. 12); S.I. 2007/3495, arts. 3(3)(g), 5(3)(a) (with arts. 7, 12); S.I. 2008/2860, art. 3(s) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C53

Act modified (20.1.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 583, 1300; S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C54

Act modified (20.1.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1081(6), 1300; S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2008/2860, art. 3(r) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C55

Act modified (20.1.2007, 6.4.2007, 1.10.2007, 6.4.2008 and 1.10.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1125(1), 1300 (with s. 1133); S.I. 2006/3428, art. 3(2)(b) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2007/1093, art. 2(2)(c); S.I. 2007/2194, art. 2(1)(l)(3)(h) (with art. 12, Sch. 3 para. 48 and subject to Sch. 1); S.I. 2007/3495, arts. 3(3)(g), 5(3)(a) (with arts. 7, 12); S.I. 2008/2860, art. 3(s) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C56

Act modified (20.1.2007, 6.4.2007, 1.10.2007, 6.4.2008 and 1.10.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1131, 1300 (with s. 1133); S.I. 2006/3428, art. 3(2)(b) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2007/1093, art. 2(2)(c); S.I. 2007/2194, art. 2(1)(l)(3)(h) (with art. 12); S.I. 2007/3495, arts. 3(3)(g), 5(3)(a) (with arts. 7, 12); S.I. 2008/2860, art. 3(s) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C57

Act restricted (20.1.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1156(2), 1300; S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2008/2860, art. 3(t) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C58

Act modified (6.4.2007, 1.10.2007, 1.11.2007 and 6.4.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 546, 1300; S.I. 2007/1093, art. 2(2)(a); S.I. 2007/2194, arts. 2(3)(e), 3(2)(b) (with art. 12); S.I. 2007/3495, art. 3(3)(d) (with arts. 7, 12); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C59

Act modified (6.4.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 558, 1300 (with s. 559); S.I. 2007/1093, art. 2(2)(b); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C60

Act modified (6.4.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1060(3)(4), 1300; S.I. 2006/3428, art. 4(3)(a) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2008/2860, art. 3(r) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C61

Act modified (6.4.2007) by Companies Act 2006 (c. 46) {ss. 1170}, 1300; S.I. 2007/1093, art. 2(1)(d) (with arts. 3, 11(1) and with savings in Sch. 6) (as amended by S.I. 2003/2860, art. 6)

C62

Act modified (6.4.2007) by The Companies Acts (Unregistered Companies) Regulations 2007 (S.I. 2007/318), regs. {4}, {5} (with reg. 6)

C63

Act modified (30.9.2007) by Companies Act 2006 (c. 46) {ss. 1167}, 1300; S.I. 2007/2607, art. 2(1) (with art. 3)

C64

Act modified (1.10.2007) by Companies Act 2006 (c. 46), ss. 288(1), 1300 (with s. 281(4)); S.I. 2007/2194, art. 2(1)(f) (with art. 12, Sch. 3 para. 24 and subject to Sch. 1)

C65

Act modified (1.10.2007 and 6.4.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 540(1)(4), 1300; S.I. 2007/2194, art. 2(3)(c) (with art. 12); S.I. 2007/3495, art. 3(3)(b) (with arts. 7, 12); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C66

Act modified (1.10.2007 and 6.4.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 545, 1300; S.I. 2007/2194, art. 2(3)(d) (with art. 12); S.I. 2007/3495, art. 3(3)(c) (with arts. 7, 12); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C67

Act modified (1.10.2007 and 6.4.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 548, 1300; S.I. 2007/2194, art. 2(3)(f) (with art. 12); S.I. 2007/3495, art. 3(3)(e) (with arts. 7, 12); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C68

Act modified (1.10.2007 and 6.4.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 629, 1300; S.I. 2007/2194, art. 2(3)(g) (with art. 12); S.I. 2007/3495, art. 3(3)(f) (with arts. 7, 12); S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C69

Act modified (1.10.2007 and 1.11.2007 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1158, 1300; S.I. 2007/2194, arts. 2(3)(i), 3(2)(b) (with art. 12 and subject to Sch. 1); S.I. 2008/2860, art. 3(u) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C70

Act applied (30.11.2007 with application as mentioned in rule 3 of the amending S.I.) by The PPP Administration Order Rules 2007 (S.I. 2007/3141), rule 32(5)

C71

Act modified (6.4.2008) by Companies Act 2006 (c. 46), ss. 437(3), 1300; S.I. 2007/3495, art. 3(1)(d) (with arts. 7, 12, Sch. 4 paras. 6-8)

C72

Act modified (6.4.2008) by Companies Act 2006 (c. 46), ss. 738, 1300; S.I. 2007/3495, art. 3(1)(g) (with arts. 7, 12, Sch. 4 paras. 20-23)

C73

Act modified (6.4.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1161, 1162, 1171, 1173, 1174, 1300, Schs. 7, 8; S.I. 2007/3495, arts. 3(1)(o)(p)(q) (with arts. 6, 7, 9, 12, Sch. 4, and subject to Sch. 1) (as amended by S.I. 2008/1886, Sch 4 para. 15); S.I. 2008/2860, art. 3(u) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C74

Act applied in part (with modifications) by European Economic Interest Grouping Regulations 1989 (S.I. 1989/638), reg. 18, Sch. 4 (as amended (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1), Sch. 1 paras. 163, 164 (with arts. 6, 11, 12))

C75

Act applied in part (with modifications) by European Economic Interest Grouping Regulations (Northern Ireland) 1989 (S.R. 1989/216), reg. 18, Sch. 4 (as amended (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1), Sch. 1 paras. 173, 174 (with arts. 6, 11, 12))

C76

Act modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 3, Sch.

C77

Act modified (1.10.2009) by Companies Act 2006 (c. 46), ss. 1163, 1166, 1171, 1174, 1300, Sch. 8; S.I. 2008/2860, art. 3(u) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802 art. 18, S.I. 2009/1941, art. 13, S.I. 2009/2476, art. 2)

C78

Act modified (1.10.2009) by Companies Act 2006 (c. 46), ss. 1(1), 1300; S.I. 2008/2860, art. 3(a) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C79

Act restricted (1.10.2009) by Companies Act 2006 (c. 46), ss. 6(2), 1300; S.I. 2008/2860, art. 3(a) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C80

Act modified (1.10.2009) by Companies Act 2006 (c. 46), ss. 547, 1300; S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C81

Act modified (1.10.2009) by Companies Act 2006 (c. 46), ss. 724(5), 1300; S.I. 2008/2860, art. 3(l) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C82

Act modified (1.10.2009) by Companies Act 2006 (c. 46), ss. 1044, 1300; S.I. 2008/2860, art. 3(q) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C83

Act restricted (1.10.2009) by Companies Act 2006 (c. 46), ss. 1118, 1300; S.I. 2008/2860, art. 3(r) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))

C84

Act modified by Companies Act 2006 (c. 46), ss. 1170A, 1170B (as inserted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), {Sch. 1 para. 260(8})

C85

Act extended (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 12(1), Sch. 3 para. 2 (with art. 10)

C86

Act: savings for the effects of 2006 c. 46, Sch. 16 (1.10.2009) by The Overseas Companies Regulations 2009 (S.I. 2009/1801), reg. 80, Sch. 8

C87

Act: savings for the effects of 2006 c. 46, Sch. 16 (1.10.2009) by The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (S.I. 2009/1804), reg. 83, Sch. 1

C88

Act applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 21 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C89

Act applied (with modifications) (1.10.2009) by The Companies (Companies Authorised to Register) Regulations 2009 (S.I. 2009/2437), regs. 18-23 (with transitional provisions and savings in reg. 24)

C90

Act applied (with modifications) (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), reg. 1, Sch. 6 Pt. 1 (with reg. 27(a))

C91

Act modified (25.2.2011) by Horserace Betting and Olympic Lottery Act 2004 (c. 25), ss. 5(3)(b), 7, 40; S.I. 2011/462, art. 2

C92

Act extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 1(2), Sch. 1 para. 2

C93

Act modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97; 2020 c. 1, Sch. 5 para. 1(1))

C94

Act applied (with modifications) (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 3 paras. 2, 3 (with reg. 5) (as amended (4.1.2024) by S.I. 2023/1399, regs. 1(2), 4, 21(4))

Extent

E1

Act: for extent see s. 745(1)(2)

E2

Act extended (Northern Ireland) (1.1.2007, 20.1.2007, 6.4.2007, 30.9.2007, 1.10.2007, 1.11.2007, 15.12.2007, 6.4.2008 and 1.10.2008 for certain purposes and otherwise 1.10.2009) by Companies Act 2006 (c. 46), ss. 1284(1), 1300; S.I. 2006/3428, art. 3(2)(e) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5)); S.I. 2007/1093, art. 2(1)(e); S.I. 2007/2194, arts. 2-5 (with art. 12); S.I. 2007/2607, art. 2(2); S.I. 2007/3495, arts. 3, 5 (with arts. 7, 12); S.I. 2008/1886 arts. 1(3), {2(d)} (with arts. 6, 7); S.I. 2008/2860, art. 3(z) (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch., S.I. 2009/1802, art. 18, Sch.))

Contents

  1. Part I: Formation and Registration of Companies; Juridical Status and Membership
  2. Chapter I: Company Formation
  3. Memorandum of association
  4. 1Mode of forming incorporated company. Repealed
  5. 2Requirements with respect to memorandum. Repealed
  6. 3Forms of memorandum. Repealed
  7. 3AStatement of company’s objects: general commercial company. Repealed
  8. 4Resolution to alter objects. Repealed
  9. 5Procedure for objecting to alteration. Repealed
  10. 6Provisions supplementing ss. 4, 5. Repealed
  11. Articles of association
  12. 7Articles prescribing regulations for companies. Repealed
  13. 8Tables A, C, D and E. Repealed
  14. 8ATable G. Repealed
  15. 9Alteration of articles by special resolution. Repealed
  16. Registration and its consequences
  17. 10Documents to be sent to registrar. Repealed
  18. 11Minimum authorised capital (public companies). Repealed
  19. 12Duty of registrar. Repealed
  20. 13Effect of registration. Repealed
  21. 14Effect of memorandum and articles. Repealed
  22. 15Memorandum and articles of company limited by guarantee. Repealed
  23. 16Effect of alteration on company’s members. Repealed
  24. 17Conditions in memorandum which could have been in articles. Repealed
  25. 18Amendments of memorandum or articles to be registered. Repealed
  26. 19Copies of memorandum and articles to be given to members. Repealed
  27. 20Issued copy of memorandum to embody alterations. Repealed
  28. 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  29. A company’s membership
  30. 22Definition of “member”. Repealed
  31. 23Membership of holding company. Repealed
  32. 24Minimum membership for carrying on business. Repealed
  33. Chapter II: Company Names
  34. 25Name as stated in memorandum. Repealed
  35. 26Prohibition on registration of certain names. Repealed
  36. 27Alternatives of statutory designations. Repealed
  37. 28Change of name. Repealed
  38. 29Regulations about names.
  39. 30Exemption from requirement of “limited” as part of the name. Repealed
  40. 31Provisions applying to company exempt under s. 30. Repealed
  41. 32Power to require company to abandon misleading name. Repealed
  42. 33Prohibition on trading under misleading name. Repealed
  43. 34Penalty for improper use of “limited” or “cyfyngedig”. Repealed
  44. 34APenalty for improper use of “community interest company” etc. Repealed
  45. Chapter III: A Company’s Capacity; Formalities of Carrying on Business
  46. 35A company’s capacity not limited by its memorandum. Repealed
  47. 35APower of directors to bind the company. Repealed
  48. 35BNo duty to enquire as to capacity of company or authority of directors. Repealed
  49. 36Company contracts: England and Wales. Repealed
  50. 36AExecution of documents: England and Wales.
  51. 36AAExecution of deeds: England and Wales Repealed
  52. 36BExecution of documents by companies. Repealed
  53. 36CPre-incorporation contracts, deeds and obligations. Repealed
  54. 37Bills of exchange and promissory notes. Repealed
  55. 38Execution of deeds abroad. Repealed
  56. 39Power of company to have official seal for use abroad. Repealed
  57. 40Official seal for share certificates, etc. Repealed
  58. 41Authentication of documents. Repealed
  59. 42Events affecting a company’s status. Repealed
  60. Part II: Re-registration as a means of altering a company’s status
  61. Private company becoming public
  62. 43Re-registration of private company as public. Repealed
  63. 44Consideration for shares recently allotted to be valued. Repealed
  64. 45Additional requirements relating to share capital. Repealed
  65. 46Meaning of “unqualified report” in s. 43(3). Repealed
  66. 47Certificate of re-registration under s. 43. Repealed
  67. 48Modification for unlimited company re-registering. Repealed
  68. Limited company becoming unlimited
  69. 49Re-registration of limited company as unlimited. Repealed
  70. 50Certificate of re-registration under s. 49. Repealed
  71. Unlimited company becoming limited
  72. 51Re-registration of unlimited company as limited. Repealed
  73. 52Certification of re-registration under s. 51. Repealed
  74. Public company becoming private
  75. 53Re-registration of public company as private. Repealed
  76. 54Litigated objection to resolution under s. 53. Repealed
  77. 55Certificate of re-registration under s. 53. Repealed
  78. Part III: Capital Issues
  79. Chapter I: Issues by Companies Registered, or to be Registered, in Great Britain
  80. The prospectus
  81. 56Matters to be stated, and reports to be set out, in prospectus.
  82. 57Attempted evasion of s. 56 to be void.
  83. 58Document offering shares etc. for sale deemed a prospectus. Repealed
  84. 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  85. 60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  86. 61Prospectus containing statement by expert.
  87. 62Meaning of “expert”. Repealed
  88. 63Prospectus to be dated.
  89. Registration of prospectus
  90. 64Registration requirement applicable in all cases.
  91. 65Additional requirements in case of prospectus issued generally.
  92. Liabilities and offences in connection with prospectus
  93. 66Directors, etc. exempt from liability in certain cases.
  94. 67Compensation for subscribers misled by statement in prospectus.
  95. 68Exemption from s. 67 for those acting with propriety.
  96. 69Indemnity for innocent director or expert.
  97. 70Criminal liability for untrue statements.
  98. Supplementary
  99. 71Interpretation for ss. 56 to 70.
  100. Chapter II: Issues by Companies Incorporated, or to be Incorporated, Outside Great Britain
  101. 72Prospectus of oversea company.
  102. 73Attempted evasion of s. 72 to be void.
  103. 74Prospectus containing statement by expert.
  104. 75Restrictions on allotment to be secured in prospectus.
  105. 76Stock exchange certificate exempting from compliance with Sch. 3.
  106. 77Registration of oversea prospectus before issue.
  107. 78Consequences (criminal and civil) of non-compliance with ss. 72-77.
  108. 79Supplementary.
  109. Part IV: Allotment of Shares and Debentures
  110. General provisions as to allotment
  111. 80Authority of company required for certain allotments. Repealed
  112. 80AElection by private company as to duration of authority. Repealed
  113. 81Restriction on public offers by private company. Repealed
  114. 82Application for, and allotment of, shares and debentures. Repealed
  115. 83No allotment unless minimum subscription received. Repealed
  116. 84Allotment where issue not fully subscribed. Repealed
  117. 85Effect of irregular allotment. Repealed
  118. 86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  119. 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  120. 88Return as to allotments, etc. Repealed
  121. Pre-emption rights
  122. 89Offers to shareholders to be on pre-emptive basis. Repealed
  123. 90Communication of pre-emption offers to shareholders. Repealed
  124. 91Exclusion of ss. 89, 90 by private company. Repealed
  125. 92Consequences of contravening ss. 89, 90. Repealed
  126. 93Saving for other restrictions as to offers. Repealed
  127. 94Definitions for ss. 89-96. Repealed
  128. 95Disapplication of pre-emption rights. Repealed
  129. 96Saving for company’s pre-emption procedure operative before 1982. Repealed
  130. Commissions and discounts
  131. 97Power of company to pay commissions. Repealed
  132. 98Apart from s. 97, commissions and discounts barred. Repealed
  133. Amount to be paid for shares; the means of payment
  134. 99General rules as to payment for shares on allotment. Repealed
  135. 100Prohibition on allotment of shares at a discount. Repealed
  136. 101Shares to be allotted as at least one-quarter paid-up. Repealed
  137. 102Restriction on payment by long-term undertaking. Repealed
  138. 103Non-cash consideration to be valued before allotment. Repealed
  139. 104Transfer to public company of non-cash asset in initial period. Repealed
  140. 105Agreements contravening s. 104. Repealed
  141. 106Shares issued to subscribers of memorandum. Repealed
  142. 107Meaning of “the appropriate rate”. Repealed
  143. Valuation provisions
  144. 108Valuation and report (s. 103). Repealed
  145. 109Valuation and report (s. 104). Repealed
  146. 110Entitlement of valuer to full disclosure. Repealed
  147. 111Matters to be communicated to registrar. Repealed
  148. Other matters arising out of allotment &c.
  149. 111ARight to damages, &c. not affected. Repealed
  150. 112Liability of subsequent holders of shares allotted. Repealed
  151. 113Relief in respect of certain liabilities under ss. 99 ff. Repealed
  152. 114Penalty for contravention. Repealed
  153. 115Undertakings to do work, etc. Repealed
  154. 116Application of ss. 99 ff to special cases. Repealed
  155. Part V: Share Capital, its Increase, Maintenance and Reduction
  156. Chapter I: General Provisions about Share Capital
  157. 117Public company share capital requirements. Repealed
  158. 118The authorised minimum. Repealed
  159. 119Provision for different amounts to be paid on shares. Repealed
  160. 120Reserve liability of limited company. Repealed
  161. 121Alteration of share capital (limited companies). Repealed
  162. 122Notice to registrar of alteration. Repealed
  163. 123Notice to registrar of increased share capital. Repealed
  164. 124Reserve capital of unlimited company. Repealed
  165. Chapter II: Class Rights
  166. 125Variation of class rights.
  167. 126Saving for court’s powers under other provisions. Repealed
  168. 127Shareholders’ right to object to variation. Repealed
  169. 128Registration of particulars of special rights. Repealed
  170. 129Registration of newly created class rights. Repealed
  171. Chapter III: Share Premiums
  172. 130Application of share premiums.
  173. 131Merger relief.
  174. 132Relief in respect of group reconstructions.
  175. 133Provisions supplementing ss. 131, 132.
  176. 134Provision for extending or restricting relief from s. 130.
  177. Chapter IV: Reduction of Share Capital
  178. 135Special resolution for reduction of share capital.
  179. 136Application to court for order of confirmation.
  180. 137Court order confirming reduction.
  181. 138Registration of order and minute of reduction.
  182. 139Public company reducing capital below authorised minimum.
  183. 140Liability of members on reduced shares.
  184. 141Penalty for concealing name of creditor, etc.
  185. Chapter V: Maintenance of Capital
  186. 142Duty of directors on serious loss of capital.
  187. 143General rule against company acquiring own shares.
  188. 144Aquisition of shares by company’s nominee.
  189. 145Exceptions from s. 144.
  190. 146Treatment of shares held by or for public company.
  191. 147Matters arising out of compliance with s. 146(2).
  192. 148Further provisions supplementing ss. 146, 147.
  193. 149Sanctions for non-compliance.
  194. 150Charges of public companies on own shares.
  195. Chapter VI: Financial Assistance by a Company for Acquisition of its Own Shares
  196. Provisions applying to both public and private companies
  197. 151Financial assistance generally prohibited. Repealed
  198. 152Definitions for this Chapter. Repealed
  199. 153Transactions not prohibited by s. 151. Repealed
  200. 154Special restriction for public companies.
  201. Private companies
  202. 155Relaxation of s. 151 for private companies. Repealed
  203. 156Statutory declaration under s. 155. Repealed
  204. 157Special resolution under s. 155. Repealed
  205. 158Time for giving financial assistance under s. 155. Repealed
  206. Chapter VII: Redeemable Shares; Purchase by a Company of its Own Shares
  207. Redemption and purchase generally
  208. 159Power to issue redeemable shares.
  209. 159ATerms and manner of redemption.
  210. 160Financing etc. of redemption.
  211. 161. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  212. 162Power of company to purchase own shares.
  213. 162ATreasury shares
  214. 162BTreasury shares: maximum holdings
  215. 162CTreasury shares: voting and other rights
  216. 162DTreasury shares: disposal and cancellation
  217. 162ETreasury shares: mandatory cancellation
  218. 162FTreasury shares: proceeds of sale
  219. 162GTreasury shares: penalty for contravention
  220. 163Definitions of “off-market” and “market” purchase.
  221. 164Authority for off-market purchase.
  222. 165Authority for contingent purchase contract.
  223. 166Authority for market purchase.
  224. 167Assignment or release of company’s right to purchase own shares.
  225. 168Payments apart from purchase price to be made out of distributable profits.
  226. 169Disclosure by company of purchase of own shares.
  227. 169ADisclosure by company of cancellation or disposal of treasury shares
  228. 170The capital redemption reserve.
  229. Redemption or purchase of own shares out of capital (private companies only)
  230. 171Power of private companies to redeem or purchase own shares out of capital.
  231. 172Availability of profits for purposes of s. 171.
  232. 173Conditions for payment out of capital.
  233. 174Procedure for special resolution under s. 173.
  234. 175Publicity for proposed payment out of capital.
  235. 176Objections by company’s members or creditors.
  236. 177Powers of court on application under s. 176.
  237. Supplementary
  238. 178Effect of company’s failure to redeem or purchase.
  239. 179Power for Secretary of State to modify this Chapter.
  240. 180Transitional cases arising under this Chapter; and savings.
  241. 181Definitions for Chapter VII.
  242. Chapter VIII: Miscellaneous Provisions about Shares and Debentures
  243. Share and debenture certificates, transfers and warrants
  244. 182Nature, transfer and numbering of shares. Repealed
  245. 183Transfer and registration. Repealed
  246. 184Certification of transfers. Repealed
  247. 185Duty of company as to issue of certificates. Repealed
  248. 186Certificate to be evidence of title. Repealed
  249. 187Evidence of grant of probate or confirmation as executor. Repealed
  250. 188Issue and effect of share warrant to bearer. Repealed
  251. 189Offences in connection with share warrants (Scotland). Repealed
  252. Debentures
  253. 190Register of debenture holders. Repealed
  254. 191Right to inspect register. Repealed
  255. 192Liability of trustees of debentures. Repealed
  256. 193Perpetual debentures. Repealed
  257. 194Power to re-issue redeemed debentures. Repealed
  258. 195Contract to subscribe for debentures. Repealed
  259. 196Payment of debts out of assets subject to floating charge (England and Wales). Repealed
  260. 197Debentures to bearer (Scotland). Repealed
  261. Part VI: Disclosure of Interests in Shares
  262. Individual and group acquisitions
  263. 198Obligation of disclosure: the cases in which it may arise and “the relevant time”. Repealed
  264. 199Interests to be disclosed. Repealed
  265. 200“Percentage level” in relation to notifiable interests. Repealed
  266. 201. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  267. 202Particulars to be contained in notification. Repealed
  268. 203Notification of family and corporate interests. Repealed
  269. 204Agreement to acquire interests in a particular company. Repealed
  270. 205Obligation of disclosure arising under s. 204. Repealed
  271. 206Obligation of persons acting together to keep each other informed. Repealed
  272. 207Interests in shares by attribution. Repealed
  273. 208Interests in shares which are to be notified. Repealed
  274. 209Interests to be disregarded. Repealed
  275. 210Other provisions about notification under this Part. Repealed
  276. 210APower to make further provision by regulations. Repealed
  277. Registration and investigation of share acquisitions and disposals
  278. 211Register of interests in shares. Repealed
  279. 212Company investigations. Repealed
  280. 213Registration of interests disclosed under s. 212. Repealed
  281. 214Company investigation on requisition by members. Repealed
  282. 215Company report to members. Repealed
  283. 216Penalty for failure to provide information. Repealed
  284. 217Removal of entries from register. Repealed
  285. 218Otherwise, entries not to be removed. Repealed
  286. 219Inspection of register and reports. Repealed
  287. Supplementary
  288. 220Definitions for Part VI. Repealed
  289. Part VII: Accounts and Audit
  290. Chapter I: Provisions Applying to Companies Generally
  291. Accounting records
  292. 221Duty to keep accounting records. Repealed
  293. 222Where and for how long records to be kept. Repealed
  294. A company’s financial year and accounting reference periods
  295. 223A company’s financial year. Repealed
  296. 224Accounting reference periods and accounting reference date. Repealed
  297. 225Alteration of accounting reference date. Repealed
  298. Annual accounts
  299. 226Duty to prepare individual accounts. Repealed
  300. 226ACompanies Act individual accounts Repealed
  301. 226BIAS individual accounts Repealed
  302. 227Duty to prepare group accounts. Repealed
  303. 227ACompanies Act group accounts Repealed
  304. 227BIAS group accounts Repealed
  305. 227CConsistency of accounts Repealed
  306. 228Exemption for parent companies included in accounts of larger group. Repealed
  307. 228AExemption for parent companies included in non-EEA group accounts Repealed
  308. 229Subsidiary undertakings included in the consolidation. Repealed
  309. 230Treatment of individual profit and loss account where group accounts prepared. Repealed
  310. 231Disclosure required in notes to accounts:related undertakings. Repealed
  311. 231ADisclosure required in notes to annual accounts: particulars of staff Repealed
  312. 232Disclosure required in notes to accounts: emoluments and other benefits of directors and others. Repealed
  313. Approval and signing of accounts
  314. 233Approval and signing of accounts Repealed
  315. Directors' report
  316. 234Duty to prepare directors' report. Repealed
  317. 234ZZADirectors' report: general requirements Repealed
  318. 234ZZBDirectors' report: business review Repealed
  319. 234ZAStatement as to disclosure of information to auditors Repealed
  320. 234AApproval and signing of directors’ report. Repealed
  321. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  322. 234AADuty to prepare operating and financial review Repealed
  323. 234ABApproval and signing of operating and financial review Repealed
  324. Quoted companies: directors’ remuneration report
  325. 234BDuty to prepare directors’ remuneration report Repealed
  326. 234CApproval and signing of directors’ remuneration report Repealed
  327. Auditors’ report
  328. 235Auditors’ report. Repealed
  329. 236Signature of auditors’ report. Repealed
  330. 237Duties of auditors. Repealed
  331. Publication of accounts and reports
  332. 238Persons entitled to receive copies of accounts and reports. Repealed
  333. 238ATime allowed for sending out copies of accounts and reports Repealed
  334. 239Rights to demand copies of accounts and reports. Repealed
  335. 240Requirements in connection with publication of accounts. Repealed
  336. Laying and delivering of accounts and reports
  337. 241Accounts and reports to be laid before company in general meeting. Repealed
  338. 241AMembers’ approval of directors’ remuneration report Repealed
  339. 242Accounts and reports to be delivered to the registrar. Repealed
  340. 242ACivil penalty for failure to deliver accounts. Repealed
  341. 242BDelivery and publication of accounts in ECUs Repealed
  342. 243Accounts of subsidiary undertakings to be appended in certain cases. Repealed
  343. 244Period allowed for laying and delivering accounts and reports. Repealed
  344. Revision of defective accounts and reports
  345. 245Voluntary revision of annual accounts or directors’ report. Repealed
  346. 245ASecretary of State’s notice in respect of annual accounts. Repealed
  347. 245BApplication to court in respect of defective accounts. Repealed
  348. 245COther persons authorised to apply to court. Repealed
  349. 245DDisclosure of information held by Inland Revenue to persons authorised to apply to court Repealed
  350. 245ERestrictions on use and further disclosure of information disclosed under section 245D Repealed
  351. 245FPower of authorised persons to require documents, information and explanations Repealed
  352. 245GRestrictions on further disclosure of information obtained under section 245F Repealed
  353. Chapter II: Exemptions, Exceptions and Special Provisions
  354. Small and medium-sized companies and groups
  355. 246Special provisions for small companies Repealed
  356. 246ASpecial provisions for medium-sized companies Repealed
  357. 247Qualification of company as small or medium-sized. Repealed
  358. 247ACases in which special provisions do not apply Repealed
  359. 247BSpecial auditors’ report Repealed
  360. 248Exemption for small and medium-sized groups. Repealed
  361. 248AGroup accounts prepared by small company Repealed
  362. 249Qualification of group as small or medium-sized. Repealed
  363. Exemptions from audit for certain categories of small company
  364. 249AExemptions from audit Repealed
  365. 249AADormant companies Repealed
  366. 249BCases where exemptions not available Repealed
  367. 249CThe report required for the purposes of section 249A(2). Repealed
  368. 249DThe reporting accountant Repealed
  369. 249EEffect of exemptions Repealed
  370. Dormant companies
  371. 250. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  372. Listed public companies
  373. 251Summary financial statement Repealed
  374. Private companies
  375. 252Election to dispense with laying of accounts and reports before general meeting. Repealed
  376. 253Right of shareholder to require laying of accounts. Repealed
  377. Unlimited companies
  378. 254Exemption from requirement to deliver accounts and reports. Repealed
  379. Banking and insurance companies and groups
  380. 255Special provisions for banking and insurance companies. Repealed
  381. 255ASpecial provisions for banking and insurance groups. Repealed
  382. 255BModification of disclosure requirements in relation to banking company or group. Repealed
  383. 255C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  384. 255DPower to apply provisions to banking partnerships. Repealed
  385. Welsh private companies
  386. 255EDelivery of accounting documents in Welsh only. Repealed
  387. Chapter III: Supplementary Provisions
  388. Accounting standards
  389. 256Accounting standards. Repealed
  390. 256AReporting standards Repealed
  391. Power to alter accounting requirements
  392. 257Power of Secretary of State to alter accounting requirements. Repealed
  393. Parent and subsidiary undertakings
  394. 258Parent and subsidiary undertakings. Repealed
  395. Other interpretation provisions
  396. 259Meaning of “undertaking” and related expressions. Repealed
  397. 260Participating interests. Repealed
  398. 261Notes to the accounts. Repealed
  399. 262Minor definitions. Repealed
  400. 262AIndex of defined expressions. Repealed
  401. Part VIII: Distribution of Profits and Assets
  402. Limits of company’s power of distribution
  403. 263Certain distributions prohibited. Repealed
  404. 264Restriction on distribution of assets. Repealed
  405. 265Other distributions by investment companies. Repealed
  406. 266Meaning of “investment company”. Repealed
  407. 267Extension of ss. 265, 266 to other companies. Repealed
  408. 268Realised profits of insurance company with long term business. Repealed
  409. 269Treatment of development costs. Repealed
  410. Relevant accounts
  411. 270Distribution to be justified by reference to company’s accounts. Repealed
  412. 271Requirements for last annual accounts. Repealed
  413. 272Requirements for interim accounts. Repealed
  414. 273Requirements for initial accounts. Repealed
  415. 274Method of applying s. 270 to successive distributions. Repealed
  416. 275Treatment of assets in the relevant accounts. Repealed
  417. 276Distributions in kind. Repealed
  418. Supplementary
  419. 277Consequences of unlawful distribution. Repealed
  420. 278Saving for provision in articles operative before Act of 1980. Repealed
  421. 279Distributions by banking or insurance companies. Repealed
  422. 280Definitions for Part VIII. Repealed
  423. 281Saving for other restraints on distribution. Repealed
  424. Part IX: A Company’s Management; Directors and Secretaries; their Qualifications, Duties and Responsibilities
  425. Officers and registered office
  426. 282Directors. Repealed
  427. 283Secretary. Repealed
  428. 284Acts done by person in dual capacity. Repealed
  429. 285Validity of acts of directors. Repealed
  430. 286Qualifications of company secretaries. Repealed
  431. 287Registered office. Repealed
  432. 288Register of directors and secretaries. Repealed
  433. 288A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  434. 289Particulars of directors to be registered under s. 288. Repealed
  435. 290Particulars of secretaries to be registered under s. 288. Repealed
  436. Provisions governing appointment of directors
  437. 291Share qualification of directors. Repealed
  438. 292Appointment of directors to be voted on individually. Repealed
  439. 293Age limit for directors. Repealed
  440. 294Duty of director to disclose his age. Repealed
  441. Disqualification
  442. 295–299. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  443. 300. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  444. 301, 302. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  445. Removal of directors
  446. 303Resolution to remove director. Repealed
  447. 304Director’s right to protest removal. Repealed
  448. Other provisions about directors and officers
  449. 305Directors’ names on company correspondence, etc. Repealed
  450. 306Limited company may have directors with unlimited liability. Repealed
  451. 307Special resolution making liability of directors unlimited. Repealed
  452. 308Assignment of office by directors. Repealed
  453. 309Directors to have regard to interests of employees. Repealed
  454. 309AProvisions protecting directors from liability Repealed
  455. 309BQualifying third party indemnity provisions Repealed
  456. 309CDisclosure of qualifying third party indemnity provisions Repealed
  457. 310Provisions protecting auditors from liability. Repealed
  458. Part X: Enforcement of Fair Dealing by Directors
  459. Restrictions on directors taking financial advantage
  460. 311Prohibition on tax-free payments to directors. Repealed
  461. 312Payment to director for loss of office etc. Repealed
  462. 313Company approval for property transfer. Repealed
  463. 314Director’s duty of disclosure on takeover, etc. Repealed
  464. 315Consequences of non-compliance with s. 314. Repealed
  465. 316Provisions supplementing ss. 312 to 315. Repealed
  466. 317Directors to disclose interest in contracts. Repealed
  467. 318Directors’ service contracts to be open to inspection. Repealed
  468. 319Director’s contract of employment for more than 5 years. Repealed
  469. 320Substantial property transactions involving directors, etc. Repealed
  470. 321Exceptions from s. 320. Repealed
  471. 322Liabilities arising from contravention of s. 320. Repealed
  472. 322AInvalidity of certain transactions involving directors, etc. Repealed
  473. 322BContracts with sole members who are directors Repealed
  474. Share dealings by directors and their families
  475. 323Prohibition on directors dealing in share options. Repealed
  476. 324Duty of director to disclose shareholdings in own company. Repealed
  477. 325Register of directors’ interests notified under s. 324. Repealed
  478. 326Sanctions for non-compliance. Repealed
  479. 327Extension of s. 323 to spouses , civil partners and children. Repealed
  480. 328Extension of s. 324 to spouses , civil partners and children. Repealed
  481. 329Duty to notify stock exchange of matters notified under preceding sections. Repealed
  482. Restrictions on a company’s power to make loans, etc., to directors and persons connected with them
  483. 330General restriction on loans etc. to directors and persons connected with them. Repealed
  484. 331Definitions for ss. 330 ff. Repealed
  485. 332Short-term quasi-loans. Repealed
  486. 333Inter-company loans in same group. Repealed
  487. 334Loans of small amounts. Repealed
  488. 335Minor and business transactions. Repealed
  489. 336Transactions at behest of holding company. Repealed
  490. 337Funding of director’s expenditure on duty to company. Repealed
  491. 337AFunding of director’s expenditure on defending proceedings Repealed
  492. 338Loan or quasi-loan by money-lending company. Repealed
  493. 339“Relevant amounts” for purposes of ss. 334 ff. Repealed
  494. 340“Value” of transactions and arrangements. Repealed
  495. 341Civil remedies for breach of s. 330. Repealed
  496. 342Criminal penalties for breach of s. 330. Repealed
  497. 343Record of transactions not disclosed in company accounts. Repealed
  498. 344Exceptions from s. 343. Repealed
  499. Supplementary
  500. 345Power to increase financial limits. Repealed
  501. 346“Connected persons”, etc. Repealed
  502. 347Transactions under foreign law. Repealed
  503. Part XA: Control of political donations
  504. 347AIntroductory provisions. Repealed
  505. 347BExemptions. Repealed
  506. 347CProhibition on donations and political expenditure by companies. Repealed
  507. 347DSpecial rules for subsidiaries. Repealed
  508. 347ESpecial rule for parent company of non-GB subsidiary undertaking. Repealed
  509. 347FRemedies for breach of prohibitions on company donations etc. Repealed
  510. 347GRemedy for unauthorised donation or expenditure by non-GB subsidiary. Repealed
  511. 347HExemption of directors from liability in respect of unauthorised donation or expenditure. Repealed
  512. 347IEnforcement of directors’ liabilities by shareholder action. Repealed
  513. 347JCosts of shareholder action. Repealed
  514. 347KInformation for purposes of shareholder action. Repealed
  515. Part XI: Company administration and procedure
  516. Chapter I: Company Identification
  517. 348Company name to appear outside place of business. Repealed
  518. 349Company’s name to appear in its correspondence, etc. Repealed
  519. 350Company seal. Repealed
  520. 351Particulars in correspondence, etc. Repealed
  521. Chapter II: Register of Members
  522. 352Obligation to keep and enter up register. Repealed
  523. 352AStatement that company has only one member Repealed
  524. 353Location of register. Repealed
  525. 354Index of members. Repealed
  526. 355Entries in register in relation to share warrants. Repealed
  527. 356Inspection of register and index. Repealed
  528. 357Non-compliance with ss. 353, 354, 356; agent’s default. Repealed
  529. 358Power to close register. Repealed
  530. 359Power of court to rectify register. Repealed
  531. 360Trusts not to be entered on register in England and Wales. Repealed
  532. 361Register to be evidence. Repealed
  533. 362Overseas branch registers. Repealed
  534. Chapter III: Annual Return
  535. 363Duty to deliver annual returns.
  536. 364Contents of annual return: general.
  537. 364AContents of annual return: particulars of share capital . . . .
  538. 364BContents of annual return: information about shareholders: non-traded companies
  539. 364CContents of annual return: information about shareholders: traded companies
  540. 364DContents of annual return: information about shareholders: supplementary
  541. 365Supplementary provisions: regulations and interpretation.
  542. Chapter IV: Meetings and Resolutions
  543. Meetings
  544. 366Annual general meeting. Repealed
  545. 366AElection by private company to dispense with annual general meetings. Repealed
  546. 367Secretary of State’s power to call meeting in default. Repealed
  547. 368Extraordinary general meeting on members’ requisition. Repealed
  548. 369Length of notice for calling meetings. Repealed
  549. 370General provisions as to meetings and votes. Repealed
  550. 370AQuorum at meetings of the sole member Repealed
  551. 371Power of court to order meeting. Repealed
  552. 372Proxies. Repealed
  553. 373Right to demand a poll. Repealed
  554. 374Voting on a poll. Repealed
  555. 375Representation of corporations at meetings. Repealed
  556. Resolutions
  557. 376Circulation of members’ resolutions. Repealed
  558. 377In certain cases, compliance with s. 376 not required. Repealed
  559. 378Extraordinary and special resolutions. Repealed
  560. 379Resolution requiring special notice. Repealed
  561. 379AElective resolution of private company. Repealed
  562. 380Registration, etc. of resolutions and agreements. Repealed
  563. 381Resolution passed at adjourned meeting. Repealed
  564. Written resolutions of private companies
  565. 381AWritten resolutions of private companies. Repealed
  566. 381BDuty to notify auditors of proposed written resolution Repealed
  567. 381CWritten resolutions: supplementary provisions. Repealed
  568. Records of proceedings
  569. 382Minutes of meetings. Repealed
  570. 382ARecording of written resolutions. Repealed
  571. 382BRecording of decisions by the sole member Repealed
  572. 383Inspection of minute books. Repealed
  573. Appointment of auditors
  574. 384Duty to appoint auditors. Repealed
  575. 385Appointment at general meeting at which accounts laid. Repealed
  576. 385AAppointment by private company which is not obliged to lay accounts. Repealed
  577. 386Election by private company to dispense with annual appointment. Repealed
  578. 387Appointment by Secretary of State in default of appointment by company. Repealed
  579. 388Filling of casual vacancies. Repealed
  580. 388ACertain companies exempt from obligation to appoint auditors Repealed
  581. 389. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  582. Rights of auditors
  583. 389ARights to information. Repealed
  584. 389BOffences relating to the provision of information to auditors Repealed
  585. 390Right to attend company meetings, &c. Repealed
  586. Remuneration of auditors
  587. 390ARemuneration of auditors. Repealed
  588. 390BDisclosure of services provided by auditors or associates and related remuneration Repealed
  589. Removal, resignation, &c. of auditors
  590. 391Removal of auditors. Repealed
  591. 391ARights of auditors who are removed or not re-appointed. Repealed
  592. 392Resignation of auditors. Repealed
  593. 392ARights of resigning auditors. Repealed
  594. 393Termination of appointment of auditors not appointed annually. Repealed
  595. 394Statement by person ceasing to hold office as auditor. Repealed
  596. 394AOffences of failing to comply with s. 394. Repealed
  597. Part XII: Registration of Charges
  598. Chapter I: Registration of Charges (England and Wales)
  599. 395Certain charges void if not registered.
  600. 396Charges which have to be registered.
  601. 397Formalities of registration (debentures).
  602. 398Verification of charge on property outside United Kingdom.
  603. 399Company’s duty to register charges it creates.
  604. 400Charges existing on property acquired.
  605. 401Register of charges to be kept by registrar of companies.
  606. 402Endorsement of certificate on debentures.
  607. 403Entries of satisfaction and release.
  608. 404Rectification of register of charges.
  609. 405Registration of enforcement of security.
  610. 406Companies to keep copies of instruments creating charges.
  611. 407Company’s register of charges.
  612. 408Right to inspect instruments which create charges, etc.
  613. 409Charges on property in England and Wales created by oversea company.
  614. Chapter II: Registration of Charges (Scotland)
  615. 410Charges void unless registered.
  616. 411Charges on property outside United Kingdom.
  617. 412Negotiable instrument to secure book debts.
  618. 413Charges associated with debentures.
  619. 414Charge by way of ex facie absolute disposition, etc.
  620. 415Company’s duty to register charges created by it.
  621. 416Duty to register charges existing on property acquired.
  622. 417Register of charges to be kept by registrar of companies.
  623. 418Certificate of registration to be issued.
  624. 419Entries of satisfaction and relief.
  625. 420Rectification of register.
  626. 421Copies of instruments creating charges to be kept by company.
  627. 422Company’s register of charges.
  628. 423Right to inspect copies of instruments, and company’s register.
  629. 424Extension of Chapter II.
  630. Part XIII: Arrangements and Reconstructions
  631. 425Power of company to compromise with creditors and members. Repealed
  632. 426Information as to compromise to be circulated. Repealed
  633. 427Provisions for facilitating company reconstruction or amalgamation. Repealed
  634. 427AApplication of ss. 425–427 to mergers and divisions of public companies. Repealed
  635. Part XIIIA: Takeover Offers
  636. 428Takeover offers. Repealed
  637. 429Right of offeror to buy out minority shareholders. Repealed
  638. 430Effect of notice under s. 429. Repealed
  639. 430ARight of minority shareholder to be bought out by offeror. Repealed
  640. 430BEffect of requirement under s. 430A. Repealed
  641. 430CApplications to the court. Repealed
  642. 430DJoint offers. Repealed
  643. 430EAssociates. Repealed
  644. 430FConvertible securities. Repealed
  645. Part XIV: Investigation of Companies and Their Affairs; Requisition of Documents
  646. Appointment and functions of inspectors
  647. 431Investigation of a company on its own application or that of its members.
  648. 432Other company investigations.
  649. 433Inspectors’ powers during investigation.
  650. 434Production of documents and evidence to inspectors.
  651. 435. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  652. 436Obstruction of inspectors treated as contempt of court.
  653. 437Inspectors’ reports.
  654. 438Power to bring civil proceedings on company’s behalf. Repealed
  655. 439Expenses of investigating a company’s affairs.
  656. 440Power of Secretary of State to present winding-up petition. Repealed
  657. 441Inspectors’ report to be evidence.
  658. Other powers of investigation available to the Secretary of State
  659. 442Power to investigate company ownership.
  660. 443Provisions applicable on investigation under s. 442.
  661. 444Power to obtain information as to those interested in shares, etc.
  662. 445Power to impose restrictions on shares and debentures.
  663. 446Investigation of share dealings. Repealed
  664. Powers of Secretary of State to give directions to inspectors Not yet in force
  665. 446AGeneral powers to give directions Not yet in force
  666. 446BDirection to terminate investigation Not yet in force
  667. Resignation, removal and replacement of inspectors Not yet in force
  668. 446CResignation and revocation of appointment Not yet in force
  669. 446DAppointment of replacement inspectors Not yet in force
  670. Power to obtain information from former inspectors etc Not yet in force
  671. 446EObtaining information from former inspectors etc Not yet in force
  672. Requisition and seizure of books and papers
  673. 447Power to require documents and information
  674. 447AInformation provided: evidence
  675. 448Entry and search of premises.
  676. 448AProtection in relation to certain disclosures: information provided to Secretary of State
  677. 449Provision for security of information obtained.
  678. 450Punishment for destroying, mutilating, etc. company documents.
  679. 451Punishment for furnishing false information.
  680. 451ADisclosure of information by Secretary of State or inspector.
  681. 452Privileged information.
  682. 453Investigation of overseas companies.
  683. 453APower to enter and remain on premises
  684. 453BPower to enter and remain on premises: procedural
  685. 453CFailure to comply with certain requirements
  686. 453DOffences by bodies corporate
  687. Part XV: Orders Imposing Restrictions on Shares (Section 445)
  688. 454Consequence of order imposing restrictions.
  689. 455Punishment for attempted evasion of restrictions.
  690. 456Relaxation and removal of restrictions.
  691. 457Further provisions on sale by court order of restricted shares.
  692. Part XVI: Fraudulent Trading by a Company
  693. 458Punishment for fraudulent trading. Repealed
  694. Part XVII: Protection of Company’s Members against Unfair Prejudice
  695. 459Order on application of company member. Repealed
  696. 460Order on application of Secretary of State. Repealed
  697. 461Provisions as to petitions and orders under this Part. Repealed
  698. Part XVIII: Floating Charges and Receivers (Scotland)
  699. Chapter I: Floating Charges
  700. 462Power of incorporated company to create floating charge.
  701. 463Effect of floating charge on winding up.
  702. 464Ranking of floating charges.
  703. 465Continued effect of certain charges validated by Act of 1972.
  704. 466Alteration of floating charges.
  705. Chapter II: Receivers
  706. 467–485. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  707. Chapter III: General
  708. 486Interpretation for Part XVIII generally.
  709. 487Extent of Part XVIII.
  710. Part XIX: Receivers and Managers (England and Wales)
  711. 488–500. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  712. Part XX: Winding Up of Companies Registered Under this Act or the Former Companies Acts
  713. Chapter s I–V: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  714. 501–650. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  715. Chapter VI: Matters Arising Subsequent to Winding Up
  716. 651Power of court to declare dissolution of company void.
  717. 652Registrar may strike defunct company off register.
  718. 652ARegistrar may strike private company off register on application.
  719. 652BDuties in connection with making application under section 652A.
  720. 652CDirectors’ duties following application under section 652A.
  721. 652DSections 652B and 652C: supplementary provisions.
  722. 652ESections 652B and 652C: enforcement.
  723. 652FOther offences connected with section 652A.
  724. 653Objection to striking off by person aggrieved.
  725. 654Property of dissolved company to be bona vacantia.
  726. 655Effect on s. 654 of company’s revival after dissolution.
  727. 656Crown disclaimer of property vesting as bona vacantia.
  728. 657Effect of Crown disclaimer under s. 656.
  729. 658Liability for rentcharge on company’s land after dissolution.
  730. Chapter VII: Miscellaneous Provisions About Winding Up
  731. 659–662. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  732. 663. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  733. 664. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  734. Part XXI
  735. 665–674. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  736. Part XXII: Bodies Corporate Subject, or Becoming Subject, to this Act (Otherwise than by Original Formation Under Part I)
  737. Chapter I: Companies Formed or Registered under Former Companies Acts
  738. 675Companies formed and registered under former Companies Acts.
  739. 676Companies registered but not formed under former Companies Acts.
  740. 677Companies re-registered with altered status under former Companies Acts.
  741. 678Companies registered under Joint Stock Companies Acts.
  742. 679Northern Ireland and Irish companies.
  743. Chapter II: Companies not Formed under Companies Legislation, but Authorised to Register
  744. 680Companies capable of being registered under this Chapter.
  745. 681Procedural requirements for registration.
  746. 682Change of name on registration.
  747. 683Definition of “joint stock company”.
  748. 684Requirements for registration by joint stock companies.
  749. 685Registration of joint stock company as public company.
  750. 686Other requirements for registration.
  751. 687Name of company registering.
  752. 688Certificate of registration under this Chapter.
  753. 689Effect of registration.
  754. 690Power to substitute memorandum and articles for deed of settlement.
  755. Part XXIII: Oversea Companies
  756. Chapter I: Registration, Etc.
  757. 690ABranch registration under the Eleventh Company Law Directive (89/666/EEC).
  758. 690BScope of sections 691 and 692.
  759. 691Documents to be delivered to registrar.
  760. 692Registration of altered particulars.
  761. 692AChange in registration regime.
  762. 693Obligation to state name and other particulars.
  763. 694Regulation of oversea companies in respect of their names.
  764. 694AService of documents: companies to which section 690A applies.
  765. 695Service of documents on oversea company.
  766. 695ARegistrar to whom documents to be delivered: companies to which section 690A applies.
  767. 696Office where documents to be filed.
  768. 697Penalties for non-compliance.
  769. 698Definitions . . ..
  770. 699Channel Islands and Isle of Man companies.
  771. Chapter II: Delivery of Accounts and Reports
  772. 699ACredit and financial institutions to which the Bank Branches Directive (89/117/EEC) applies.
  773. 699AACompanies to which the Eleventh Company Law Directive applies.
  774. 699BScope of sections 700 to 703.
  775. 700Preparation of accounts and reports by oversea companies.
  776. 701Oversea company’s financial year and accounting reference periods.
  777. 702Delivery to registrar of accounts and reports of oversea company.
  778. 703Penalty for non-compliance.
  779. Chapter III: Registration of Charges
  780. 703AIntroductory provisions.
  781. 703BCharges requiring registration.
  782. 703CThe register.
  783. 703DCompany’s duty to deliver particulars of charges for registration.
  784. 703ERegistrar to whom particulars, &c. to be delivered.
  785. 703FEffect of failure to deliver particulars, late delivery and effect of errors and omissions.
  786. 703GDelivery of further particulars or memorandum.
  787. 703HFurther provisions with respect to voidness of charges.
  788. 703IAdditional information to be registered.
  789. 703JCopies of instruments and register to be kept by company.
  790. 703KPower to make further provision by regulations.
  791. 703LProvisions as to situation of property.
  792. 703MOther supplementary provisions.
  793. 703NIndex of defined expressions.
  794. Chapter IV: WINDING UP ETC.
  795. 703OScope of Chapter.
  796. 703PParticulars to be delivered to the registrar: winding up.
  797. 703QParticulars to be delivered to the registrar: insolvency proceedings etc.
  798. 703RPenalty for non-compliance
  799. Part XXIV: The Registrar of Companies, His Functions and Offices
  800. 704Registration offices. Repealed
  801. 705Companies’ registered numbers. Repealed
  802. 705ARegistration of branches of oversea companies. Repealed
  803. 706Delivery to the registrar of documents in legible form. Repealed
  804. 707. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  805. 707AThe keeping of company records by the registrar.
  806. 707BDelivery to the registrar using electronic communications Repealed
  807. 708Fees payable to registrar.
  808. 709Inspection, &c. of records kept by the registrar. Repealed
  809. 710Certificate of incorporation. Repealed
  810. 710AProvision and authentication by registrar of documents in non-legible form. Repealed
  811. 710BDocuments relating to Welsh companies. Repealed
  812. 711Public notice by registrar of receipt and issue of certain documents. Repealed
  813. 711AExclusion of deemed notice. Repealed
  814. 712. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  815. 713Enforcement of company’s duty to make returns. Repealed
  816. 714Registrar’s index of company and corporate names. Repealed
  817. 715. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  818. 715AInterpretation. Repealed
  819. Part XXV: Miscellaneous and Supplementary Provisions
  820. 716Prohibition of partnerships with more than 20 members. Repealed
  821. 717Limited partnerships: limit on number of members. Repealed
  822. 718Unregistered companies. Repealed
  823. 719Power of company to provide for employees on cessation or transfer of business. Repealed
  824. 720Certain companies to publish periodical statement. Repealed
  825. 721Production and inspection of books where offence suspected. Repealed
  826. 722Form of company registers, etc. Repealed
  827. 723Use of computers for company records. Repealed
  828. 723AObligations of company as to inspection of registers, &c. Repealed
  829. 723BConfidentiality orders Repealed
  830. 723CEffect of confidentiality orders Repealed
  831. 723DConstruction of sections 723B and 723C Repealed
  832. 723ESections 723B and 723C: offences Repealed
  833. 723FRegulations under sections 723B to 723E Repealed
  834. 724. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  835. 725Service of documents. Repealed
  836. 726Costs and expenses in actions by certain limited companies.
  837. 727Power of court to grant relief in certain cases. Repealed
  838. 728Enforcement of High Court orders. Repealed
  839. 729Annual report by Secretary of State. Repealed
  840. 730Punishment of offences.
  841. 730AMeaning of “officer in default” Repealed
  842. 731Summary proceedings. Repealed
  843. 732Prosecution by public authorities. Repealed
  844. 733Offences by bodies corporate. Repealed
  845. 734Criminal proceedings against unincorporated bodies. Repealed
  846. Part XXVI: Interpretation
  847. 735“Company”, etc. Repealed
  848. 735ARelationship of this Act to Insolvency Act. Repealed
  849. 735BRelationship of this Act to Parts IV and V of the Financial Services Act 1986. Repealed
  850. 736“Subsidiary”, “holding company” and “wholly-owned subsidiary”. Repealed
  851. 736AProvisions supplementing s. 736. Repealed
  852. 736BPower to amend ss. 736 and 736A. Repealed
  853. 737“Called-up share capital”. Repealed
  854. 738“Allotment” and “paid up”. Repealed
  855. 739“Non-cash asset”. Repealed
  856. 740“Body corporate” and “corporation”. Repealed
  857. 741“Director” and “shadow director”. Repealed
  858. 742Expressions used in connection with accounts. Repealed
  859. 742AMeaning of “offer to the public” Repealed
  860. 742BMeaning of “banking company” Repealed
  861. 742CMeaning of “insurance company” and “authorised insurance company” Repealed
  862. 743“Employees’ share scheme”. Repealed
  863. 743AMeaning of “office copy” in Scotland. Repealed
  864. 744Expressions used generally in this Act. Repealed
  865. 744AIndex of defined expressions. Repealed
  866. Part XXVII: Final Provisions
  867. 745Northern Ireland. Repealed
  868. 745A“Bank of England”
  869. 746Commencement. Repealed
  870. 747Citation.
  871. Schedule 1: Particulars of Directors etc. to be Contained in Statement Under Section 10
  872. Directors
  873. 1Paragraph 1
  874. 2Paragraph 2
  875. Secretaries
  876. 3Paragraph 3
  877. Interpretation
  878. 4Paragraph 4
  879. 5Paragraph 5
  880. Schedule 2: Interpretation of References to “Beneficial Interest”
  881. Part I: References in Sections 23, 145, 146 and 148
  882. Residual interests under pension and employees’ share schemes
  883. 1Paragraph 1
  884. 2Paragraph 2
  885. Employer’s charges and other rights of recovery
  886. 3Paragraph 3
  887. Trustee’s right to expenses, remuneration, indemnity, etc.
  888. 4Paragraph 4
  889. Supplementary
  890. 5Paragraph 5
  891. Part II: References in Schedule 5
  892. Resididual interests under pension and employees’ share schemes
  893. 6Paragraph 6
  894. Employer’s charges and other rights of recovery
  895. 7Paragraph 7
  896. Trustee’s right to expenses, remuneration, indemnity, &c.
  897. 8Paragraph 8
  898. Supplementary
  899. 9Paragraph 9
  900. Schedule 3: Mandatory Contents of Prospectus
  901. Part I: Matters to be Stated
  902. The company’s proprietorship, management and its capital requirement
  903. 1Paragraph 1
  904. 2Paragraph 2 Repealed
  905. Details relating to the offer
  906. 3Paragraph 3
  907. 4Paragraph 4
  908. 5Paragraph 5
  909. Property acquired or to be acquired by the company
  910. 6Paragraph 6
  911. 7Paragraph 7
  912. 8Paragraph 8
  913. 9Paragraph 9
  914. Commissions, preliminary expenses, etc.
  915. 10Paragraph 10
  916. Contracts
  917. 11Paragraph 11
  918. Auditors
  919. 12Paragraph 12
  920. Interests of directors
  921. 13Paragraph 13
  922. Other matters
  923. 14Paragraph 14
  924. 15Paragraph 15
  925. Part II: Auditors’ and accountants’ reports to be set out in prospectus
  926. Auditors’ report
  927. 16Paragraph 16
  928. Accountants’ reports
  929. 17Paragraph 17
  930. 18Paragraph 18
  931. Provisions interpreting preceding paragraphs, and modifying them in certain cases
  932. 19Paragraph 19
  933. 20Paragraph 20
  934. 21Paragraph 21
  935. 22Paragraph 22
  936. Schedule 4
  937. Part I: General Rules and Formats
  938. Chapter Section A: General Rules
  939. 1Paragraph 1
  940. 2Paragraph 2
  941. 3Paragraph 3
  942. 4Paragraph 4
  943. 5Paragraph 5
  944. 5AParagraph 5A
  945. Chapter Section B: The Required Formats for Accounts
  946. Preliminary
  947. 6Paragraph 6
  948. 7Paragraph 7
  949. 8Paragraph 8
  950. Balance Sheet Formats
  951. Balance Sheet Formats
  952. Profit and loss account formats
  953. Profit and loss account formats
  954. Profit and loss account formats
  955. Profit and loss account formats
  956. Part II: Accounting Principles and Rules
  957. Chapter Section A: Accounting Principles
  958. Preliminary
  959. 9Paragraph 9
  960. Accounting principles
  961. 10Paragraph 10
  962. 11Paragraph 11
  963. 12Paragraph 12
  964. 13Paragraph 13
  965. 14Paragraph 14
  966. Departure from the accounting principles
  967. 15Paragraph 15
  968. Chapter Section B: Historical Cost Accounting Rules
  969. Preliminary
  970. 16Paragraph 16
  971. Fixed assets
  972. 17Paragraph 17
  973. 18Paragraph 18
  974. 19Paragraph 19
  975. Rules for determining particular fixed asset items
  976. 20Paragraph 20
  977. 21Paragraph 21
  978. Current assets
  979. 22Paragraph 22
  980. 23Paragraph 23
  981. Miscellaneous and supplementary provisions
  982. 24Paragraph 24
  983. 25Paragraph 25
  984. 26Paragraph 26
  985. 27Paragraph 27
  986. 28Paragraph 28
  987. Chapter Section C: Alternative Accounting Rules
  988. Preliminary
  989. 29Paragraph 29
  990. 30Paragraph 30
  991. Alternative accounting rules
  992. 31Paragraph 31
  993. Application of the depreciation rules
  994. 32Paragraph 32
  995. Additional information to be provided in case of departure from historical cost accounting rules
  996. 33Paragraph 33
  997. Revaluation reserve
  998. 34Paragraph 34
  999. Chapter SECTION D: FAIR VALUE ACCOUNTING
  1000. Inclusion of financial instruments at fair value
  1001. 34AParagraph 34A
  1002. Determination of fair value
  1003. 34BParagraph 34B
  1004. Inclusion of hedged items at fair value
  1005. 34CParagraph 34C
  1006. Other assets that may be included at fair value
  1007. 34DParagraph 34D
  1008. Accounting for changes in value
  1009. 34EParagraph 34E
  1010. The fair value reserve
  1011. 34FParagraph 34F
  1012. IIINotes to the Accounts
  1013. 35Paragraph 35
  1014. 35AReserves and dividends
  1015. 36Paragraph 36
  1016. 36AParagraph 36A
  1017. 37Paragraph 37
  1018. 38Paragraph 38
  1019. 39Paragraph 39
  1020. 40Paragraph 40
  1021. 41Paragraph 41
  1022. 42Paragraph 42
  1023. 43Paragraph 43
  1024. 44Paragraph 44
  1025. 45Paragraph 45
  1026. 45AInformation about fair value of assets and liabilities
  1027. 45BParagraph 45B
  1028. 45CParagraph 45C
  1029. 45DInformation where investment property and living animals and plants included at fair value
  1030. 46Paragraph 46
  1031. 47Paragraph 47
  1032. 48Paragraph 48
  1033. 49Paragraph 49
  1034. 50Paragraph 50
  1035. 51Paragraph 51
  1036. 52Paragraph 52
  1037. 53Paragraph 53
  1038. 54Paragraph 54
  1039. 55Paragraph 55
  1040. 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1041. 57Paragraph 57
  1042. 58Paragraph 58
  1043. 58ADormant companies acting as agents
  1044. Part IV: Special Provisions Where Company is a Parent Company or Subsidiary Undertaking
  1045. Dealings with or interests in group undertakings
  1046. 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1047. Guarantees and other financial commitments in favour of group undertakings
  1048. 59AParagraph 59A
  1049. 60—70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1050. Part V: Special Provisions where the Company is an Investment Company
  1051. 71Paragraph 71
  1052. 72Paragraph 72
  1053. 73Paragraph 73
  1054. 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1055. Part VI
  1056. 75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1057. Part VII: Interpretation of Schedule
  1058. 76Paragraph 76
  1059. 76AFinancial instruments
  1060. 76BParagraph 76B
  1061. 77—81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1062. Historical cost accounting rules
  1063. 82Paragraph 82
  1064. 82AInvestment property
  1065. Leases
  1066. 83Paragraph 83
  1067. Listed investments
  1068. 84Paragraph 84
  1069. Loans
  1070. 85Paragraph 85
  1071. Materiality
  1072. 86Paragraph 86
  1073. 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1074. Provisions
  1075. 88Paragraph 88
  1076. 89Paragraph 89
  1077. 90—92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1078. 93Scots land tenure
  1079. Staff costs
  1080. 94Paragraph 94
  1081. 95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1082. Schedule 4A
  1083. General rules
  1084. 1Paragraph 1
  1085. 2Paragraph 2
  1086. 3Paragraph 3
  1087. 4Paragraph 4
  1088. 5Paragraph 5
  1089. Elimination of group transactions
  1090. 6Paragraph 6
  1091. Acquisition and merger accounting
  1092. 7Paragraph 7
  1093. 8Paragraph 8
  1094. 9Paragraph 9
  1095. 10Paragraph 10
  1096. 11Paragraph 11
  1097. 12Paragraph 12
  1098. 13Paragraph 13
  1099. 14Paragraph 14
  1100. 15Paragraph 15
  1101. 16Paragraph 16
  1102. Minority interests
  1103. 17Paragraph 17
  1104. Interests in subsidiary undertakings excluded from consolidation
  1105. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1106. Joint ventures
  1107. 19Paragraph 19
  1108. Associated undertakings
  1109. 20Paragraph 20
  1110. 21Paragraph 21
  1111. 22Paragraph 22
  1112. Schedule 5
  1113. Part I: Companies not Required to Prepare Group Accounts
  1114. Subsidiary undertakings
  1115. 1Paragraph 1
  1116. Holdings in subsidiary undertakings
  1117. 2Paragraph 2
  1118. Financial information about subsidiary undertakings
  1119. 3Paragraph 3
  1120. Financial years of subsidiary undertakings
  1121. 4Paragraph 4
  1122. Further information about subsidiary undertakings
  1123. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1124. Shares and debentures of company held by subsidiary undertakings
  1125. 6Paragraph 6
  1126. Significant holdings in undertakings other than subsidiary undertakings
  1127. 7Paragraph 7
  1128. 8Paragraph 8
  1129. 9Paragraph 9
  1130. 9AMembership of certain undertakings
  1131. Arrangements attracting merger relief
  1132. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1133. Parent undertaking drawing up accounts for larger group
  1134. 11Paragraph 11
  1135. Identification of ultimate parent company
  1136. 12Paragraph 12
  1137. Constructions of references to shares held by company
  1138. 13Paragraph 13
  1139. Part II: Companies Required to Prepare Group Accounts
  1140. Introductory
  1141. 14Paragraph 14
  1142. Subsidiary undertakings
  1143. 15Paragraph 15
  1144. Holdings in subsidiary undertakings
  1145. 16Paragraph 16
  1146. Financial information about subsidiary undertakings not included in the consolidation
  1147. 17Paragraph 17
  1148. Further information about subsidiary undertakings excluded from consolidation
  1149. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1150. Financial years of subsidiary undertakings
  1151. 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1152. Shares and debentures of company held by subsidiary undertakings
  1153. 20Paragraph 20
  1154. Joint ventures
  1155. 21Paragraph 21
  1156. Associated undertakings
  1157. 22Paragraph 22
  1158. Other significant holdings of parent company or group
  1159. 23Paragraph 23
  1160. 24Paragraph 24
  1161. 25Paragraph 25
  1162. 26Paragraph 26
  1163. 27Paragraph 27
  1164. 28Paragraph 28
  1165. 28AParent company’s or group’s membership of certain undertakings
  1166. Arrangements attracting merger relief
  1167. 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1168. Parent undertaking drawing up accounts for larger group
  1169. 30Paragraph 30
  1170. Identification of ultimate parent company
  1171. 31Paragraph 31
  1172. Construction of references to shares held by parent company or group
  1173. 32Paragraph 32
  1174. Schedule 6
  1175. Part I: Chairman’s and Directors’ Emoluments, Pensions and Compensation for Loss of Office
  1176. Chapter 1: PROVISIONS APPLYING TO QUOTED AND UNQUOTED COMPANIES
  1177. Aggregate amount of directors’ emoluments etc.
  1178. 1Aggregate amount of directors’ emoluments etc.
  1179. Chapter 2: PROVISIONS APPLYING ONLY TO UNQUOTED COMPANIES
  1180. Details of highest paid director’s emoluments etc.
  1181. 2Paragraph 2
  1182. Pensions of directors and past directors
  1183. 7Excess retirement benefits of directors and past directors
  1184. Compensation to directors for loss of office
  1185. 8Paragraph 8
  1186. Sums paid to third parties in respect of directors’ services
  1187. 9Paragraph 9
  1188. Supplementary
  1189. 10Paragraph 10
  1190. 11Paragraph 11
  1191. 12Paragraph 12
  1192. Interpretation
  1193. 13Paragraph 13
  1194. Supplementary
  1195. 14Paragraph 14
  1196. Details of chairman’s and directors’ emoluments
  1197. 3Paragraph 3
  1198. 5Paragraph 5
  1199. Emoluments waived
  1200. 6Paragraph 6
  1201. Part II: Loans, Quasi-loans and Other Dealings in Favour of Directors
  1202. 15Paragraph 15
  1203. 16Paragraph 16
  1204. 17Paragraph 17
  1205. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1206. 18Paragraph 18
  1207. 19Paragraph 19
  1208. 20Paragraph 20
  1209. 21Paragraph 21
  1210. The particulars required by this Part
  1211. 22Paragraph 22
  1212. 23Paragraph 23
  1213. Excluded transactions
  1214. 24Paragraph 24
  1215. 25Paragraph 25
  1216. 26Paragraph 26
  1217. Interpretation
  1218. 27Paragraph 27
  1219. Part III: Other Transactions, Arrangements and Agreements
  1220. 28Paragraph 28
  1221. 29Paragraph 29
  1222. 30Paragraph 30
  1223. 18—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1224. Schedule 7
  1225. Part I: Matters of a General Nature
  1226. Asset values
  1227. 1Paragraph 1
  1228. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1229. 2A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1230. 2B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1231. Political donations and expenditure
  1232. 3Paragraph 3
  1233. 4Paragraph 4
  1234. Charitable donations
  1235. 5Paragraph 5
  1236. 5AFinancial instruments
  1237. Miscellaneous
  1238. 6Paragraph 6
  1239. Part II: Disclosure Required by Company Acquiring its Own Shares, etc.
  1240. 7Paragraph 7
  1241. 8Paragraph 8
  1242. Part III: Disclosure Concerning Employment, etc, of Disabled Persons
  1243. 9Paragraph 9
  1244. Part IV
  1245. 10Paragraph 10
  1246. Part V: Employee Involvement
  1247. 11Paragraph 11
  1248. Part VI
  1249. 12Policy and practice on payment of creditors
  1250. Part 7: Disclosure required by certain publicly-traded companies
  1251. 13Paragraph 13
  1252. Schedule 7ZA
  1253. Review objective
  1254. 1Paragraph 1
  1255. Other general requirements
  1256. 2Paragraph 2
  1257. Details of particular matters
  1258. 3Paragraph 3
  1259. 4Paragraph 4
  1260. 5Paragraph 5
  1261. 6Paragraph 6
  1262. Reference to and explanation of company's accounts
  1263. 7Paragraph 7
  1264. Compliance with standards
  1265. 8Paragraph 8
  1266. Application of Schedule to group operating and financial review
  1267. 9Paragraph 9
  1268. Schedule 7A
  1269. Part 1: INTRODUCTORY
  1270. 1Paragraph 1
  1271. Part 2: INFORMATION NOT SUBJECT TO AUDIT
  1272. 2Consideration by the directors of matters relating to directors’ remuneration
  1273. 3Statement of company’s policy on directors’ remuneration
  1274. 4Performance Graph
  1275. 5Service contracts
  1276. Part 3: INFORMATION SUBJECT TO AUDIT
  1277. 6Amount of each director’s emoluments and compensation in the relevant financial year
  1278. 7Share options
  1279. 8Paragraph 8
  1280. 9Paragraph 9
  1281. 10Long term incentive schemes
  1282. 11Paragraph 11
  1283. 12Pensions
  1284. 13Excess retirement benefits of directors and past directors
  1285. 14Compensation for past directors
  1286. 15Sums paid to third parties in respect of a director’s services
  1287. Part 4: INTERPRETATION AND SUPPLEMENTARY
  1288. 16Paragraph 16
  1289. 17Paragraph 17
  1290. 18Paragraph 18
  1291. 19Paragraph 19
  1292. 20Paragraph 20
  1293. 21Paragraph 21
  1294. Schedule 7B
  1295. Part 1: Specified persons
  1296. 1Paragraph 1
  1297. 2Paragraph 2
  1298. 3Paragraph 3
  1299. 4Paragraph 4
  1300. 5Paragraph 5
  1301. 6Paragraph 6
  1302. Part 2: Specified descriptions of disclosures
  1303. 7Paragraph 7
  1304. 8Paragraph 8
  1305. 9Paragraph 9
  1306. 10Paragraph 10
  1307. 11Paragraph 11
  1308. 12Paragraph 12
  1309. 13Paragraph 13
  1310. 14Paragraph 14
  1311. Part 3: Overseas regulatory bodies
  1312. 15Paragraph 15
  1313. 16Paragraph 16
  1314. 17Paragraph 17
  1315. Schedule 8
  1316. IEXEMPTIONS WITH RESPECT TO PREPARATION OF ANNUAL ACCOUNTS OF SMALL COMPANIES
  1317. Part SECTION A: INDIVIDUAL ACCOUNTS
  1318. Part SECTION B: GROUP ACCOUNTS
  1319. Part SECTION C: SUPPLEMENTARY PROVISIONS
  1320. Part II: EXEMPTIONS WITH RESPECT TO DIRECTORS’ REPORT
  1321. Part III: EXEMPTIONS WITH RESPECT TO DELIVERY OF ACCOUNTS
  1322. Chapter Section C: Supplementary Provisions
  1323. Other companies exempt from audit
  1324. 25AParagraph 25A
  1325. Part I: GENERAL RULES AND FORMATS
  1326. Chapter Section A: General Rules
  1327. 1Paragraph 1
  1328. 2Paragraph 2
  1329. 3Paragraph 3
  1330. 4Paragraph 4
  1331. 5Paragraph 5
  1332. 5AParagraph 5A
  1333. Chapter Section B: The Required Formats for Accounts
  1334. Preliminary
  1335. 6Paragraph 6
  1336. 7Paragraph 7
  1337. 8Paragraph 8
  1338. Balance Sheet Formats
  1339. AParagraph A
  1340. CParagraph C
  1341. DParagraph D
  1342. EParagraph E
  1343. FParagraph F
  1344. GParagraph G
  1345. HParagraph H
  1346. IParagraph I
  1347. JParagraph J
  1348. KParagraph K
  1349. Balance Sheet Formats
  1350. AASSETS
  1351. CParagraph C
  1352. DParagraph D
  1353. ALIABILITIES
  1354. BParagraph B
  1355. CParagraph C
  1356. DParagraph D
  1357. Notes on the balance sheet formats
  1358. Profit and loss account formats
  1359. Profit and loss account formats
  1360. Profit and loss account formats
  1361. A. Charges
  1362. B. Income
  1363. Profit and loss account formats
  1364. A. Charges
  1365. B. Income
  1366. Notes on the profit and loss account formats
  1367. Part II: ACCOUNTING PRINCIPLES AND RULES
  1368. Chapter Section A: Accounting Principles
  1369. Preliminary
  1370. 9Paragraph 9
  1371. Accounting principles
  1372. 10Paragraph 10
  1373. 11Paragraph 11
  1374. 12Paragraph 12
  1375. 13Paragraph 13
  1376. 14Paragraph 14
  1377. Departure from the accounting principles
  1378. 15Paragraph 15
  1379. Chapter Section B: Historical Cost Accounting Rules
  1380. Preliminary
  1381. 16Paragraph 16
  1382. Fixed assets
  1383. 17Paragraph 17
  1384. 18Paragraph 18
  1385. 19Paragraph 19
  1386. Rules for determining particular fixed asset items
  1387. 20Paragraph 20
  1388. 21Paragraph 21
  1389. Current assets
  1390. 22Paragraph 22
  1391. 23Paragraph 23
  1392. Miscellaneous and supplementary provisions
  1393. 24Paragraph 24
  1394. Assets included at a fixed amount
  1395. 25Paragraph 25
  1396. Determination of purchase price or production cost
  1397. 26Paragraph 26
  1398. 27Paragraph 27
  1399. Substitution of original stated amount where price or cost unknown
  1400. 28Paragraph 28
  1401. Chapter Section C: Alternative Accounting Rules
  1402. Preliminary
  1403. 29Paragraph 29
  1404. 30Paragraph 30
  1405. Alternative accounting rules
  1406. 31Paragraph 31
  1407. Application of the depreciation rules
  1408. 32Paragraph 32
  1409. Additional information to be provided in case of departure from historical cost accounting rules
  1410. 33Paragraph 33
  1411. Revaluation reserve
  1412. 34Paragraph 34
  1413. Chapter SECTION D: FAIR VALUE ACCOUNTING
  1414. Inclusion of financial instruments at fair value
  1415. 34AParagraph 34A
  1416. Determination of fair value
  1417. 34BParagraph 34B
  1418. Inclusion of hedged items at fair value
  1419. 34CParagraph 34C
  1420. Other assets that may be included at fair value
  1421. 34DParagraph 34D
  1422. Accounting for changes in value
  1423. 34EParagraph 34E
  1424. The fair value reserve
  1425. 34FParagraph 34F
  1426. Part III: NOTES TO THE ACCOUNTS
  1427. Preliminary
  1428. 35Paragraph 35
  1429. 35AReserves and dividends
  1430. Disclosure of accounting policies
  1431. 36Paragraph 36
  1432. Information supplementing the balance sheet
  1433. 37Paragraph 37
  1434. Share capital and debentures
  1435. 38Paragraph 38
  1436. 39Paragraph 39
  1437. Fixed assets
  1438. 40Paragraph 40
  1439. 41Paragraph 41
  1440. Investments
  1441. 42Paragraph 42
  1442. 42AInformation about fair value of assets and liabilities
  1443. 42BParagraph 42B
  1444. 42CInformation where investment property and living animals and plants included at fair value
  1445. Reserves and provisions
  1446. 43Paragraph 43
  1447. Details of indebtedness
  1448. 44Paragraph 44
  1449. 45Paragraph 45
  1450. Guarantees and other financial commitments
  1451. 46Paragraph 46
  1452. Miscellaneous matters
  1453. 47Paragraph 47
  1454. Information supplementing the profit and loss account
  1455. 48Paragraph 48
  1456. Particulars of turnover
  1457. 49Paragraph 49
  1458. Miscellaneous matters
  1459. 50Paragraph 50
  1460. General
  1461. 51Paragraph 51
  1462. Dormant companies acting as agents
  1463. 51AParagraph 51A
  1464. Part IV: INTERPRETATION OF SCHEDULE
  1465. 52Paragraph 52
  1466. 52AFinancial instruments
  1467. 52BParagraph 52B
  1468. Historical cost accounting rules
  1469. 53Paragraph 53
  1470. 53AInvestment property
  1471. Listed investments
  1472. 54Paragraph 54
  1473. Loans
  1474. 55Paragraph 55
  1475. Materiality
  1476. 56Paragraph 56
  1477. Provisions
  1478. 57Paragraph 57
  1479. 58Paragraph 58
  1480. Staff costs
  1481. 59Paragraph 59
  1482. Schedule 8A
  1483. Part I: BALANCE SHEET FORMATS
  1484. 1Paragraph 1
  1485. 2Paragraph 2
  1486. Balance Sheet Formats
  1487. AParagraph A
  1488. CParagraph C
  1489. DParagraph D
  1490. EParagraph E
  1491. FParagraph F
  1492. GParagraph G
  1493. HParagraph H
  1494. IParagraph I
  1495. JParagraph J
  1496. KParagraph K
  1497. Balance Sheet Formats
  1498. AASSETS
  1499. CParagraph C
  1500. DParagraph D
  1501. ALIABILITIES
  1502. BParagraph B
  1503. CParagraph C
  1504. DParagraph D
  1505. Notes on the balance sheet formats
  1506. Part II: NOTES TO THE ACCOUNTS
  1507. Preliminary
  1508. 3Paragraph 3
  1509. Disclosure of accounting policies
  1510. 4Paragraph 4
  1511. Information supplementing the balance sheet
  1512. 5Paragraph 5
  1513. 6Paragraph 6
  1514. Fixed assets
  1515. 7Paragraph 7
  1516. 7AFinancial fixed assets
  1517. Details of indebtedness
  1518. 8Paragraph 8
  1519. 9General
  1520. 9ADormant companies acting as agents
  1521. Schedule 9
  1522. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1523. Part I: Form and Content of Accounts
  1524. Supplementary provisions
  1525. 18AParagraph 18A
  1526. 18BParagraph 18B
  1527. 18CParagraph 18C
  1528. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1529. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1530. Exceptions for certain companies
  1531. 28AParagraph 28A
  1532. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1533. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1534. Part II: Accounts of Banking or Insurance Group
  1535. Part I: INDIVIDUAL ACCOUNTS
  1536. Chapter 1: GENERAL RULES AND FORMATS
  1537. GENERAL RULES
  1538. 4Paragraph 4
  1539. 5Paragraph 5
  1540. 6Paragraph 6
  1541. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1542. 8AParagraph 8A
  1543. THE REQUIRED FORMATS FOR ACCOUNTS
  1544. Preliminary
  1545. 9Paragraph 9
  1546. 10Paragraph 10
  1547. Balance Sheet Format
  1548. Notes on the balance sheet format and memorandum items
  1549. Special rules
  1550. 11Subordinated assets
  1551. 12Syndicated loans
  1552. 13Sale and repurchase transactions
  1553. 14Sale and option to resell transactions
  1554. 15Managed funds
  1555. Profit and Loss Account Formats
  1556. FORMAT 1
  1557. Vertical layout
  1558. FORMAT 2
  1559. Horizontal layout
  1560. A. Charges
  1561. Notes on the profit and loss account formats
  1562. Chapter II: ACCOUNTING PRINCIPLES AND RULES
  1563. ACCOUNTING PRINCIPLES
  1565. 16Paragraph 16
  1566. Accounting principles
  1567. 17Paragraph 17
  1568. 18Paragraph 18
  1569. 19Paragraph 19
  1570. 20Paragraph 20
  1571. 21Paragraph 21
  1572. Departure from the accounting principles
  1573. 22Paragraph 22
  1574. VALUATION RULES
  1575. Preliminary
  1576. 23Paragraph 23
  1577. Fixed assets
  1578. 24General rules
  1579. 25Paragraph 25
  1580. 26Paragraph 26
  1581. 27Development costs
  1582. 28Goodwill
  1583. 29Intangible and tangible fixed assets
  1584. 30Other fixed assets
  1585. 31Financial fixed assets
  1586. Current assets
  1587. 32Paragraph 32
  1588. 33Paragraph 33
  1589. 34Paragraph 34
  1590. Miscellaneous and supplementary provisions
  1591. 35Excess of money owed over value received as an asset item
  1592. 36Determination of cost
  1593. 37Paragraph 37
  1594. 38Substitution of original amount where price or cost unknown
  1595. ALTERNATIVE ACCOUNTING RULES
  1596. Preliminary
  1597. 39Paragraph 39
  1598. 40Paragraph 40
  1599. Alternative accounting rules
  1600. 41Paragraph 41
  1601. Application of the depreciation rules
  1602. 42Paragraph 42
  1603. Additional information to be provided in case of departure from historical cost accounting rules
  1604. 43Paragraph 43
  1605. Revaluation reserve
  1606. 44Paragraph 44
  1607. FAIR VALUE ACCOUNTING
  1608. Inclusion of financial instruments at fair value
  1609. 44AParagraph 44A
  1610. Determination of fair value
  1611. 44BParagraph 44B
  1612. Inclusion of hedged items at fair value
  1613. 44CParagraph 44C
  1614. Other assets that may be included at fair value
  1615. 44DParagraph 44D
  1616. Accounting for changes in value
  1617. 44EParagraph 44E
  1618. The fair value reserve
  1619. 44FParagraph 44F
  1620. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
  1621. 45Paragraph 45
  1622. 46Paragraph 46
  1623. Chapter III: NOTES TO THE ACCOUNTS
  1625. Preliminary
  1626. 47Paragraph 47
  1627. General
  1628. 48Disclosure of accounting policies
  1629. 49Paragraph 49
  1630. 50Sums denominated in foreign currencies
  1631. 50AReserves and dividends
  1632. Information supplementing the balance sheet
  1633. 51Share capital and debentures
  1634. 52Paragraph 52
  1635. 53Paragraph 53
  1636. 54Paragraph 54
  1637. 55Fixed assets
  1638. 56Paragraph 56
  1639. 57Paragraph 57
  1640. 58Paragraph 58
  1641. 58AInformation about fair value of assets and liabilities
  1642. 58BParagraph 58B
  1643. 58CParagraph 58C
  1644. 58DInformation where investment property and living animals and plants included at fair value
  1645. 59Reserves and provisions
  1646. 60Provision for taxation
  1647. 61Maturity analysis
  1648. 62Debt and other fixed income securities
  1649. 63Subordinated liabilities
  1650. 64Fixed cumulative dividends
  1651. 65Details of assets charged
  1652. 66Guarantees and other financial commitments
  1653. 67Memorandum items: Group undertakings
  1654. 68Transferable securities
  1655. 69Leasing transactions
  1656. 70Assets and liabilities denominated in a currency other than sterling (or the currency in which the accounts are drawn up)
  1657. 71Sundry assets and liabilities
  1658. 72Unmatured forward transactions
  1659. 73Miscellaneous matters
  1660. Information supplementing the profit and loss account
  1661. 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1662. 75Particulars of tax
  1663. 76Particulars of income
  1664. 77Particulars of staff Repealed
  1665. 78Management and agency services
  1666. 79Subordinated liabilities
  1667. 80Sundry income and charges
  1668. 81Miscellaneous matters
  1669. Chapter IV: INTERPRETATION OF PART I
  1670. 82General
  1671. 82AFinancial instruments
  1672. 82BParagraph 82B
  1673. 83Loans
  1674. 84Materiality
  1675. 85Provisions
  1676. 86Scots land tenure
  1677. 87Staff costs
  1678. Part II: CONSOLIDATED ACCOUNTS
  1679. 1Undertakings to be included in consolidation Repealed
  1680. 5Foreign currency translation
  1681. 6Paragraph 6
  1682. 7Information as to undertaking in which shares held as a result of financial assistance operation
  1683. Part III
  1684. Part III: ADDITIONAL DISCLOSURE: RELATED UNDERTAKINGS
  1685. Part IV: Additional Disclosure: Emoluments and Other Benefits of Directors and Others
  1686. Loans, quasi-loans and other dealings
  1687. 2Paragraph 2
  1688. Other transactions, arrangements and agreements
  1689. 3Paragraph 3
  1690. Schedule 9A
  1691. Part I: Individual Accounts
  1692. Chapter I: General Rules and Formats
  1693. General Rules
  1694. 2Paragraph 2
  1695. 3Paragraph 3
  1696. 4Paragraph 4
  1697. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1698. 6Paragraph 6
  1699. 6AParagraph 6A
  1700. The Required Formats for Accounts
  1701. Preliminary
  1702. 7Paragraph 7
  1703. 8Paragraph 8
  1704. 9Paragraph 9
  1705. Balance Sheet Format
  1706. ASSETS
  1707. LIABILITIES
  1708. Notes on the balance sheet format
  1709. Special rules for balance sheet format
  1710. 10Additional items
  1711. 11Managed funds
  1712. 12Deferred acquisition costs
  1713. Profit and loss account format
  1714. IParagraph I
  1715. IIParagraph II
  1716. IIIParagraph III
  1717. Notes on the profit and loss account format
  1718. Chapter II: Accounting Principles and Rules
  1719. Accounting Principles
  1720. Preliminary
  1721. 13Paragraph 13
  1722. Accounting principles
  1723. 14Paragraph 14
  1724. 15Paragraph 15
  1725. 16Paragraph 16
  1726. 17Paragraph 17
  1727. 18Paragraph 18
  1728. Departure from accounting principles
  1729. 19Paragraph 19
  1730. 19AValuation
  1731. Current Value Accounting Rules
  1732. Preliminary
  1733. 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1734. 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1735. Valuation of assets: general
  1736. 22Paragraph 22
  1737. 23Paragraph 23
  1738. Alternative valuation of fixed-income securities
  1739. 24Paragraph 24
  1740. Meaning of “current value”
  1741. 25Paragraph 25
  1742. 26Paragraph 26
  1743. Application of the depreciation rules
  1744. 27Paragraph 27
  1745. Additional information to be provided
  1746. 28Paragraph 28
  1747. Revaluation reserve
  1748. 29Paragraph 29
  1750. VALUATION AT FAIR VALUE
  1751. 29AInclusion of financial instruments at fair value
  1752. 29BDetermination of fair value
  1753. 29CInclusion of hedged items at fair value
  1754. 29DOther assets that may be included at fair value
  1755. 29EAccounting for changes in value
  1756. 29FThe fair value reserve
  1757. Historical Cost Accounting Rules
  1758. Preliminary
  1759. 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1760. Valuation of assets
  1761. 31General rules
  1762. 32Paragraph 32
  1763. 33Paragraph 33
  1764. 34Paragraph 34
  1765. 35Development costs
  1766. 36Goodwill
  1767. Miscellaneous and supplemental
  1768. 37Excess of money owed over value received as an asset item
  1769. 38Assets included at a fixed amount
  1770. 39Determination of cost
  1771. 40Paragraph 40
  1772. 41Substitution of original amount where price or cost unknown
  1773. Rules for Determining Provisions
  1774. 42Preliminary
  1775. 43Technical provisions
  1776. 44Provision for unearned premiums
  1777. 45Provision for unexpired risks
  1778. 46Long term business provision
  1779. Provisions for claims outstanding
  1780. 47General business
  1781. 48Paragraph 48
  1782. 49Long term business
  1783. 50Equalisation reserves
  1784. 51Accounting on a non-annual basis
  1785. 52Paragraph 52
  1786. 53Paragraph 53
  1787. Chapter iii: Notes to the Accounts
  1788. Preliminary
  1789. 54Paragraph 54
  1790. General
  1791. 55Disclosure of accounting policies
  1792. 56Paragraph 56
  1793. 57Sums denominated in foreign currencies
  1794. 57AReserves and dividends
  1795. Information supplementing the balance sheet
  1796. 58Share capital and debentures
  1797. 59Paragraph 59
  1798. 60Paragraph 60
  1799. 61Paragraph 61
  1800. 62Assets
  1801. 63Paragraph 63
  1802. 64Paragraph 64
  1803. 65Investments
  1804. 65AInformation about fair value of assets and liabilities
  1805. 65BParagraph 65B
  1806. 65CParagraph 65C
  1807. 65DInformation where investment property and living animals and plants included at fair value
  1808. 66Reserves and provisions
  1809. 67Provision for taxation
  1810. 68Details of indebtedness
  1811. 69Paragraph 69
  1812. 70Guarantees and other financial commitments
  1813. 71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1814. 72Miscellaneous matters
  1815. Information supplementing the profit and loss account
  1816. 73Separate statement of certain items of income and expenditure
  1817. 74Particulars of tax
  1818. 75Particulars of business
  1819. 76Paragraph 76
  1820. 77Paragraph 77
  1821. 78Commissions
  1822. 79Particulars of staff Repealed
  1823. 80Miscellaneous matters
  1824. Chapter IV: Interpretation of Part I
  1825. 81General
  1826. 81AFinancial instruments
  1827. 81BParagraph 81B
  1828. 82Loans
  1829. 83Materiality
  1830. 84Provisions
  1831. 85Scots land tenure
  1832. 86Staff costs
  1833. Part II: Consolidated Accounts
  1834. Chapter: Schedule 4A to apply Part I of this Schedule with modifications
  1835. 1Paragraph 1
  1836. Chapter: Modifications of Part I of this Schedule for purposes of paragraph 1
  1837. 2Paragraph 2
  1838. Schedule 10
  1839. Recent issues
  1840. 1Paragraph 1
  1841. Turnover and profitability
  1842. 2Paragraph 2
  1843. Labour force and wages paid
  1844. 3Paragraph 3
  1845. Schedule 10A
  1846. Introduction
  1847. 1Paragraph 1
  1848. Voting rights in an undertaking
  1849. 2Paragraph 2
  1850. Right to appoint or remove a majority of the directors
  1851. 3Paragraph 3
  1852. Right to exercise dominant influence
  1853. 4Paragraph 4
  1854. Rights exercisable only in certain circumstances or temporarily incapable of exercise
  1855. 5Paragraph 5
  1856. Rights held by one person on behalf of another
  1857. 6Paragraph 6
  1858. 7Paragraph 7
  1859. Rights attached to shares held by way of security
  1860. 8Paragraph 8
  1861. Rights attributed to parent undertaking
  1862. 9Paragraph 9
  1863. Disregard of certain rights
  1864. 10Paragraph 10
  1865. Supplementary
  1866. 11Paragraph 11
  1867. Schedule 11
  1868. 1Paragraph 1
  1869. Modifications where accounts prepared in accordance with special provisions for banking companies
  1870. 2Paragraph 2
  1871. 3Paragraph 3
  1872. 4Paragraph 4
  1873. 5Paragraph 5
  1874. 6Paragraph 6
  1875. Modifications where accounts prepared in accordance with special provisions for insurance companies
  1876. 7Paragraph 7
  1877. 8Paragraph 8
  1878. 9Paragraph 9
  1879. 10Paragraph 10
  1880. 11Paragraph 11
  1881. 12Paragraph 12
  1882. 13Paragraph 13
  1883. Schedule 12. . .
  1884. Schedule 13: Provisions Supplementing and Interpreting Sections 324 to 328
  1885. Part I
  1886. 1Paragraph 1
  1887. 2Paragraph 2
  1888. 3Paragraph 3
  1889. 4Paragraph 4
  1890. 5Paragraph 5
  1891. 6Paragraph 6
  1892. 7Paragraph 7
  1893. 8Paragraph 8
  1894. 9Paragraph 9
  1895. 10Paragraph 10
  1896. 11Paragraph 11
  1897. 12Paragraph 12
  1898. 13Paragraph 13
  1899. Part II
  1900. 14Paragraph 14
  1901. 15Paragraph 15
  1902. 16Paragraph 16
  1903. Part III
  1904. 17Paragraph 17
  1905. 18Paragraph 18
  1906. 19Paragraph 19
  1907. 20Paragraph 20
  1908. Part IV
  1909. 21Paragraph 21
  1910. 22Paragraph 22
  1911. 23Paragraph 23
  1912. 24Paragraph 24
  1913. 25Paragraph 25
  1914. 26Paragraph 26
  1915. 27Paragraph 27
  1916. 28Paragraph 28
  1917. 29Paragraph 29
  1918. Schedule 14
  1919. ICountries and Territories in Which Overseas Branch Register May be Kept
  1920. Part II: General Provisions With Respect to Overseas Branch Registers
  1921. 1Paragraph 1
  1922. 2Paragraph 2
  1923. 3Paragraph 3
  1924. 4Paragraph 4
  1925. 5Paragraph 5
  1926. 6Paragraph 6
  1927. 7Paragraph 7
  1928. 8Paragraph 8
  1929. Part III: Provisions for Branch Registers of Oversea Companies to be Kept in Great Britain
  1930. 9Paragraph 9
  1931. Schedule 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1932. Schedule 15A
  1933. Part I: Exceptions
  1934. 1Paragraph 1
  1935. Part II: Adaptation of Procedural Requirements
  1936. Introductory
  1937. 2Paragraph 2
  1938. Section 95 (disapplication of pre-emption rights)
  1939. 3Paragraph 3
  1940. Section 155 (financial assistance for purchase of company’s own shares or those of holding company)
  1941. 4Paragraph 4
  1942. Sections 164, 165 and 167 (authority for off-market purchase or contingent purchase contract of company’s own shares)
  1943. 5Paragraph 5
  1944. Section 173 (approval for payment out of capital)
  1945. 6Paragraph 6
  1946. Section 319 (approval of director’s service contract)
  1947. 7Paragraph 7
  1948. Section 337 (funding of director’s expenditure in performing his duties)
  1949. 8Paragraph 8
  1950. Schedule 15B
  1951. 1Meeting of transferee company
  1952. 2Draft terms of merger
  1953. 3Documents and information to be made available
  1954. 4Directors’ report
  1955. 5Expert’s report
  1956. 6Inspection of documents
  1957. 7Transferor company holding its own shares
  1958. 8Securities other than shares to which special rights are attached
  1959. 9Date and consequences of the compromise or arrangement
  1960. 10Exceptions
  1961. 11Paragraph 11
  1962. Transferee company or companies holding shares in the transferor company
  1963. 12Paragraph 12
  1964. 13Paragraph 13
  1965. 14Paragraph 14
  1966. 15Liability of transferee companies for the default of another
  1967. Schedule 15C: Specified persons
  1968. 1Paragraph 1
  1969. 2Paragraph 2
  1970. 3Paragraph 3
  1971. 3AParagraph 3A
  1972. 4Paragraph 4
  1973. 5Paragraph 5
  1974. 6Paragraph 6
  1975. 6AParagraph 6A
  1976. 7Paragraph 7
  1977. 7AParagraph 7A
  1978. 7BParagraph 7B
  1979. 7CParagraph 7C
  1980. 7DParagraph 7D Repealed
  1981. 8Paragraph 8
  1982. 9Paragraph 9
  1983. 10Paragraph 10
  1984. Schedule 15D: Disclosures
  1985. 1Paragraph 1
  1986. 2Paragraph 2
  1987. 3Paragraph 3
  1988. 4Paragraph 4
  1989. 5Paragraph 5
  1990. 6Paragraph 6
  1991. 7Paragraph 7
  1992. 8Paragraph 8
  1993. 9Paragraph 9
  1994. 10Paragraph 10
  1995. 11Paragraph 11
  1996. 12Paragraph 12
  1997. 13Paragraph 13
  1998. 13AParagraph 13A
  1999. 14Paragraph 14
  2000. 15Paragraph 15
  2001. 16Paragraph 16
  2002. 17Paragraph 17
  2003. 18Paragraph 18 Repealed
  2004. 19Paragraph 19
  2005. 20Paragraph 20
  2006. 21Paragraph 21
  2007. 22Paragraph 22
  2008. 23Paragraph 23
  2009. 24Paragraph 24
  2010. 25Paragraph 25
  2011. 26Paragraph 26
  2012. 27Paragraph 27
  2013. 27AParagraph 27A
  2014. 28Paragraph 28
  2015. 29Paragraph 29 Repealed
  2016. 30Paragraph 30
  2017. 31Paragraph 31
  2018. 32Paragraph 32
  2019. 33Paragraph 33
  2020. 34Paragraph 34
  2021. 35Paragraph 35
  2022. 36Paragraph 36
  2023. 37Paragraph 37 Repealed
  2024. 38Paragraph 38
  2025. 39Paragraph 39
  2026. 40Paragraph 40
  2027. 41Paragraph 41
  2028. 42Paragraph 42
  2029. 43Paragraph 43
  2030. 44Paragraph 44
  2031. 44AParagraph 44A
  2032. 45Paragraph 45
  2033. 46Paragraph 46
  2034. 47Paragraph 47
  2035. 48Paragraph 48
  2036. 49Paragraph 49
  2037. 50Paragraph 50 Repealed
  2038. Schedule 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  2039. Schedule S 17–19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  2040. Schedule 20
  2041. I. . .
  2042. Part II: Crown Disclaimer under section 656
  2043. 5Paragraph 5
  2044. 6Paragraph 6
  2045. 7Paragraph 7
  2046. 8Paragraph 8
  2047. 9Paragraph 9
  2048. Schedule 21
  2049. Interpretation
  2050. 1Paragraph 1
  2051. Vesting of property
  2052. 2Paragraph 2
  2053. Existing liabilities
  2054. 3Paragraph 3
  2055. Pending actions at law
  2056. 4Paragraph 4
  2057. The company’s constitution
  2058. 5Paragraph 5
  2059. 6Paragraph 6
  2060. Capital structure
  2061. 7Paragraph 7
  2062. Supplementary
  2063. 8Paragraph 8
  2064. 9Paragraph 9
  2065. Schedule 21A
  2066. 1Duty to register
  2067. 2Particulars required
  2068. 3Paragraph 3
  2069. 4Paragraph 4
  2070. 4AParagraph 4A
  2071. 5Documents required
  2072. 6Paragraph 6
  2073. 7Alterations
  2074. 8Paragraph 8
  2075. 9Paragraph 9
  2076. Schedule 21B
  2077. 1Paragraph 1
  2078. 2Paragraph 2
  2079. Schedule 21C
  2080. Part I: Institutions required to prepare accounts under parent law
  2081. 1Scope of Part and Interpretation
  2082. 2Duty to deliver copies in Great Britain
  2083. 3Paragraph 3
  2084. 4Paragraph 4
  2085. 5Paragraph 5
  2086. 6Registrar to whom documents to be delivered
  2087. 7Penalty for non-compliance
  2088. 8Interpretation
  2089. Part II: INSTITUTIONS NOT REQUIRED TO PREPARE ACCOUNTS UNDER PARENT LAW
  2090. 9Scope of Part and Interpretation
  2091. 10Preparation of accounts and reports
  2092. 11Paragraph 11
  2093. 12Duty to deliver accounts and reports
  2094. 13Time for delivery
  2095. 14Registrar to whom documents to be delivered
  2096. 15Penalty for non-compliance
  2097. Schedule 21D
  2098. Part I: COMPANIES REQUIRED TO MAKE DISCLOSURE UNDER PARENT LAW
  2099. 1Scope of Part
  2100. 2Duty to deliver copies in Great Britain
  2101. 3Paragraph 3
  2102. 4Time for delivery
  2103. 5Penalty for non-compliance
  2104. 6Interpretation
  2105. Part II: COMPANIES NOT REQUIRED TO MAKE DISCLOSURE UNDER PARENT LAW
  2106. 7Scope of Part
  2107. 8Preparation of accounts and reports
  2108. 9Paragraph 9
  2109. 10Duty to deliver accounts and reports
  2110. 11Paragraph 11
  2111. 12Time for delivery
  2112. 13Penalty for non-compliance
  2113. Schedule 22Schedule 22
  2114. Schedule 23Schedule 23
  2115. Schedule 24Schedule 24
  2116. Schedule 25
  2117. 38Relief from section 56 in respect of group reconstructions.