OpenLegislation

Companies Act 1985 in Northern Ireland

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. Chapter I: Company Formation
  2. Articles of association
  3. 7Articles prescribing regulations for companies. Repealed
  4. Registration and its consequences
  5. A company’s membership
  6. Private company becoming public
  7. Limited company becoming unlimited
  8. Unlimited company becoming limited
  9. Public company becoming private
  10. Part III: Capital Issues
  11. The prospectus
  12. 57Attempted evasion of s. 56 to be void.
  13. Registration of prospectus
  14. 65Additional requirements in case of prospectus issued generally.
  15. Liabilities and offences in connection with prospectus
  16. 66Directors, etc. exempt from liability in certain cases.
  17. 67Compensation for subscribers misled by statement in prospectus.
  18. 68Exemption from s. 67 for those acting with propriety.
  19. 69Indemnity for innocent director or expert.
  20. 70Criminal liability for untrue statements.
  21. Supplementary
  22. 71Interpretation for ss. 56 to 70.
  23. Chapter II: Issues by Companies Incorporated, or to be Incorporated, Outside Great Britain
  24. 72Prospectus of oversea company.
  25. 73Attempted evasion of s. 72 to be void.
  26. 74Prospectus containing statement by expert.
  27. 75Restrictions on allotment to be secured in prospectus.
  28. 76Stock exchange certificate exempting from compliance with Sch. 3.
  29. 77Registration of oversea prospectus before issue.
  30. 78Consequences (criminal and civil) of non-compliance with ss. 72-77.
  31. 79Supplementary.
  32. General provisions as to allotment
  33. Pre-emption rights
  34. Commissions and discounts
  35. Amount to be paid for shares; the means of payment
  36. Valuation provisions
  37. Other matters arising out of allotment &c.
  38. Part V: Share Capital, its Increase, Maintenance and Reduction
  39. Chapter VIII: Miscellaneous Provisions about Shares and Debentures
  40. Debentures
  41. 190Register of debenture holders. Repealed
  42. Individual and group acquisitions
  43. 201. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  44. Registration and investigation of share acquisitions and disposals
  45. Supplementary
  46. Part VII: Accounts and Audit
  47. Chapter I: Provisions Applying to Companies Generally
  48. Accounting records
  49. 222Where and for how long records to be kept. Repealed
  50. Annual accounts
  51. 226ACompanies Act individual accounts Repealed
  52. 226BIAS individual accounts Repealed
  53. 227Duty to prepare group accounts. Repealed
  54. 227ACompanies Act group accounts Repealed
  55. 227BIAS group accounts Repealed
  56. 227CConsistency of accounts Repealed
  57. 228Exemption for parent companies included in accounts of larger group. Repealed
  58. 228AExemption for parent companies included in non-EEA group accounts Repealed
  59. 231ADisclosure required in notes to annual accounts: particulars of staff Repealed
  60. Directors' report
  61. 234ZZADirectors' report: general requirements Repealed
  62. 234ZZBDirectors' report: business review Repealed
  63. 234ZAStatement as to disclosure of information to auditors Repealed
  64. Quoted companies: directors’ remuneration report
  65. 234BDuty to prepare directors’ remuneration report Repealed
  66. 234CApproval and signing of directors’ remuneration report Repealed
  67. Laying and delivering of accounts and reports
  68. 241AMembers’ approval of directors’ remuneration report Repealed
  69. 243Accounts of subsidiary undertakings to be appended in certain cases. Repealed
  70. Chapter II: Exemptions, Exceptions and Special Provisions
  71. Exemptions from audit for certain categories of small company
  72. 249DThe reporting accountant Repealed
  73. Chapter III: Supplementary Provisions
  74. Accounting standards
  75. 256AReporting standards Repealed
  76. Part VIII: Distribution of Profits and Assets
  77. Limits of company’s power of distribution
  78. 269Treatment of development costs. Repealed
  79. Part IX: A Company’s Management; Directors and Secretaries; their Qualifications, Duties and Responsibilities
  80. 295–299. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  81. 300. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  82. 301, 302. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  83. Other provisions about directors and officers
  84. 305Directors’ names on company correspondence, etc. Repealed
  85. 309AProvisions protecting directors from liability Repealed
  86. 309BQualifying third party indemnity provisions Repealed
  87. 309CDisclosure of qualifying third party indemnity provisions Repealed
  88. Part X: Enforcement of Fair Dealing by Directors
  89. Part XI: Company administration and procedure
  90. Chapter IV: Meetings and Resolutions
  91. Meetings
  92. 366Annual general meeting. Repealed
  93. 366AElection by private company to dispense with annual general meetings. Repealed
  94. 367Secretary of State’s power to call meeting in default. Repealed
  95. 368Extraordinary general meeting on members’ requisition. Repealed
  96. 369Length of notice for calling meetings. Repealed
  97. 370General provisions as to meetings and votes. Repealed
  98. 371Power of court to order meeting. Repealed
  99. 372Proxies. Repealed
  100. 373Right to demand a poll. Repealed
  101. 374Voting on a poll. Repealed
  102. 375Representation of corporations at meetings. Repealed
  103. Resolutions
  104. 376Circulation of members’ resolutions. Repealed
  105. 377In certain cases, compliance with s. 376 not required. Repealed
  106. 378Extraordinary and special resolutions. Repealed
  107. 379Resolution requiring special notice. Repealed
  108. 381Resolution passed at adjourned meeting. Repealed
  109. Written resolutions of private companies
  110. 381BDuty to notify auditors of proposed written resolution Repealed
  111. Records of proceedings
  112. 382Minutes of meetings. Repealed
  113. 382ARecording of written resolutions. Repealed
  114. 383Inspection of minute books. Repealed
  115. Appointment of auditors
  116. 389. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  117. Part XII: Registration of Charges
  118. Chapter I: Registration of Charges (England and Wales)
  119. 396Charges which have to be registered.
  120. 403Entries of satisfaction and release.
  121. Chapter II: Registration of Charges (Scotland)
  122. 410Charges void unless registered.
  123. 411Charges on property outside United Kingdom.
  124. 412Negotiable instrument to secure book debts.
  125. 413Charges associated with debentures.
  126. 414Charge by way of ex facie absolute disposition, etc.
  127. 415Company’s duty to register charges created by it.
  128. 416Duty to register charges existing on property acquired.
  129. 417Register of charges to be kept by registrar of companies.
  130. 418Certificate of registration to be issued.
  131. 419Entries of satisfaction and relief.
  132. 420Rectification of register.
  133. 421Copies of instruments creating charges to be kept by company.
  134. 422Company’s register of charges.
  135. 423Right to inspect copies of instruments, and company’s register.
  136. 424Extension of Chapter II.
  137. Part XIV: Investigation of Companies and Their Affairs; Requisition of Documents
  138. Appointment and functions of inspectors
  139. 431Investigation of a company on its own application or that of its members.
  140. 432Other company investigations.
  141. 433Inspectors’ powers during investigation.
  142. 434Production of documents and evidence to inspectors.
  143. 435. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  144. 436Obstruction of inspectors treated as contempt of court.
  145. 437Inspectors’ reports.
  146. 438Power to bring civil proceedings on company’s behalf. Repealed
  147. 439Expenses of investigating a company’s affairs.
  148. 440Power of Secretary of State to present winding-up petition. Repealed
  149. 441Inspectors’ report to be evidence.
  150. Other powers of investigation available to the Secretary of State
  151. 442Power to investigate company ownership.
  152. 443Provisions applicable on investigation under s. 442.
  153. 444Power to obtain information as to those interested in shares, etc.
  154. 445Power to impose restrictions on shares and debentures.
  155. 446Investigation of share dealings. Repealed
  156. Powers of Secretary of State to give directions to inspectors Not yet in force
  157. 446AGeneral powers to give directions Not yet in force
  158. 446BDirection to terminate investigation Not yet in force
  159. Resignation, removal and replacement of inspectors Not yet in force
  160. 446CResignation and revocation of appointment Not yet in force
  161. 446DAppointment of replacement inspectors Not yet in force
  162. Power to obtain information from former inspectors etc Not yet in force
  163. 446EObtaining information from former inspectors etc Not yet in force
  164. Requisition and seizure of books and papers
  165. 447Power to require documents and information
  166. 447AInformation provided: evidence
  167. 448Entry and search of premises.
  168. 448AProtection in relation to certain disclosures: information provided to Secretary of State
  169. 449Provision for security of information obtained.
  170. 450Punishment for destroying, mutilating, etc. company documents.
  171. 451Punishment for furnishing false information.
  172. 451ADisclosure of information by Secretary of State or inspector.
  173. 452Privileged information.
  174. 453Investigation of overseas companies.
  175. 453APower to enter and remain on premises
  176. 453BPower to enter and remain on premises: procedural
  177. 453CFailure to comply with certain requirements
  178. 453DOffences by bodies corporate
  179. Part XV: Orders Imposing Restrictions on Shares (Section 445)
  180. 454Consequence of order imposing restrictions.
  181. 455Punishment for attempted evasion of restrictions.
  182. 456Relaxation and removal of restrictions.
  183. 457Further provisions on sale by court order of restricted shares.
  184. 462Power of incorporated company to create floating charge.
  185. 465Continued effect of certain charges validated by Act of 1972.
  186. Chapter II: Receivers
  187. 467–485. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  188. 487Extent of Part XVIII.
  189. 488–500. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  190. Chapter s I–V: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  191. 501–650. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  192. Chapter VII: Miscellaneous Provisions About Winding Up
  193. 659–662. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  194. 663. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  195. 664. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  196. 665–674. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  197. 703AIntroductory provisions.
  198. 703BCharges requiring registration.
  199. 703CThe register.
  200. 703DCompany’s duty to deliver particulars of charges for registration.
  201. 703ERegistrar to whom particulars, &c. to be delivered.
  202. 703FEffect of failure to deliver particulars, late delivery and effect of errors and omissions.
  203. 703GDelivery of further particulars or memorandum.
  204. 703HFurther provisions with respect to voidness of charges.
  205. 703IAdditional information to be registered.
  206. 703JCopies of instruments and register to be kept by company.
  207. 703KPower to make further provision by regulations.
  208. 703LProvisions as to situation of property.
  209. 703MOther supplementary provisions.
  210. 703NIndex of defined expressions.
  211. 724. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  212. Part XXVII: Final Provisions
  213. 745Northern Ireland. Repealed
  214. 745A“Bank of England”
  215. 746Commencement. Repealed
  216. 747Citation.
  217. Part I: Matters to be Stated
  218. The company’s proprietorship, management and its capital requirement
  219. 1Paragraph 1
  220. Details relating to the offer
  221. 3Paragraph 3
  222. 4Paragraph 4
  223. 5Paragraph 5
  224. Property acquired or to be acquired by the company
  225. 6Paragraph 6
  226. 7Paragraph 7
  227. 8Paragraph 8
  228. 9Paragraph 9
  229. Commissions, preliminary expenses, etc.
  230. 10Paragraph 10
  231. Contracts
  232. 11Paragraph 11
  233. Auditors
  234. 12Paragraph 12
  235. Interests of directors
  236. 13Paragraph 13
  237. Other matters
  238. 14Paragraph 14
  239. 15Paragraph 15
  240. Part II: Auditors’ and accountants’ reports to be set out in prospectus
  241. Auditors’ report
  242. 16Paragraph 16
  243. Accountants’ reports
  244. 17Paragraph 17
  245. 18Paragraph 18
  246. Provisions interpreting preceding paragraphs, and modifying them in certain cases
  247. 19Paragraph 19
  248. 20Paragraph 20
  249. 21Paragraph 21
  250. 22Paragraph 22
  251. 9Paragraph 9
  252. Schedule 5
  253. Part I: Companies not Required to Prepare Group Accounts
  254. Subsidiary undertakings
  255. 1Paragraph 1
  256. Holdings in subsidiary undertakings
  257. 2Paragraph 2
  258. Financial information about subsidiary undertakings
  259. 3Paragraph 3
  260. Financial years of subsidiary undertakings
  261. 4Paragraph 4
  262. Further information about subsidiary undertakings
  263. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  264. Shares and debentures of company held by subsidiary undertakings
  265. 6Paragraph 6
  266. Significant holdings in undertakings other than subsidiary undertakings
  267. 7Paragraph 7
  268. 8Paragraph 8
  269. 9Paragraph 9
  270. 9AMembership of certain undertakings
  271. Arrangements attracting merger relief
  272. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  273. Parent undertaking drawing up accounts for larger group
  274. 11Paragraph 11
  275. Identification of ultimate parent company
  276. 12Paragraph 12
  277. Constructions of references to shares held by company
  278. 13Paragraph 13
  279. Part II: Companies Required to Prepare Group Accounts
  280. Introductory
  281. 14Paragraph 14
  282. Subsidiary undertakings
  283. 15Paragraph 15
  284. Holdings in subsidiary undertakings
  285. 16Paragraph 16
  286. Financial information about subsidiary undertakings not included in the consolidation
  287. 17Paragraph 17
  288. Further information about subsidiary undertakings excluded from consolidation
  289. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  290. Financial years of subsidiary undertakings
  291. 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  292. Shares and debentures of company held by subsidiary undertakings
  293. 20Paragraph 20
  294. Joint ventures
  295. 21Paragraph 21
  296. Associated undertakings
  297. 22Paragraph 22
  298. Other significant holdings of parent company or group
  299. 23Paragraph 23
  300. 24Paragraph 24
  301. 25Paragraph 25
  302. 26Paragraph 26
  303. 27Paragraph 27
  304. 28Paragraph 28
  305. 28AParent company’s or group’s membership of certain undertakings
  306. Arrangements attracting merger relief
  307. 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  308. Parent undertaking drawing up accounts for larger group
  309. 30Paragraph 30
  310. Identification of ultimate parent company
  311. 31Paragraph 31
  312. Construction of references to shares held by parent company or group
  313. 32Paragraph 32
  314. Schedule 6
  315. Part I: Chairman’s and Directors’ Emoluments, Pensions and Compensation for Loss of Office
  316. Chapter 1: PROVISIONS APPLYING TO QUOTED AND UNQUOTED COMPANIES
  317. Aggregate amount of directors’ emoluments etc.
  318. 1Aggregate amount of directors’ emoluments etc.
  319. Chapter 2: PROVISIONS APPLYING ONLY TO UNQUOTED COMPANIES
  320. Details of highest paid director’s emoluments etc.
  321. 2Paragraph 2
  322. Pensions of directors and past directors
  323. 7Excess retirement benefits of directors and past directors
  324. Compensation to directors for loss of office
  325. 8Paragraph 8
  326. Sums paid to third parties in respect of directors’ services
  327. 9Paragraph 9
  328. Supplementary
  329. 10Paragraph 10
  330. 11Paragraph 11
  331. 12Paragraph 12
  332. Interpretation
  333. 13Paragraph 13
  334. Supplementary
  335. 14Paragraph 14
  336. Details of chairman’s and directors’ emoluments
  337. 3Paragraph 3
  338. 5Paragraph 5
  339. Emoluments waived
  340. 6Paragraph 6
  341. Part II: Loans, Quasi-loans and Other Dealings in Favour of Directors
  342. 15Paragraph 15
  343. 16Paragraph 16
  344. 17Paragraph 17
  345. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  346. 18Paragraph 18
  347. 19Paragraph 19
  348. 20Paragraph 20
  349. 21Paragraph 21
  350. The particulars required by this Part
  351. 22Paragraph 22
  352. 23Paragraph 23
  353. Excluded transactions
  354. 24Paragraph 24
  355. 25Paragraph 25
  356. 26Paragraph 26
  357. Interpretation
  358. 27Paragraph 27
  359. Part III: Other Transactions, Arrangements and Agreements
  360. 28Paragraph 28
  361. 29Paragraph 29
  362. 30Paragraph 30
  363. 18—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  364. Schedule 7
  365. Part I: Matters of a General Nature
  366. Asset values
  367. 1Paragraph 1
  368. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  369. 2A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  370. 2B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  371. Political donations and expenditure
  372. 3Paragraph 3
  373. 4Paragraph 4
  374. Charitable donations
  375. 5Paragraph 5
  376. 5AFinancial instruments
  377. Miscellaneous
  378. 6Paragraph 6
  379. Part II: Disclosure Required by Company Acquiring its Own Shares, etc.
  380. 7Paragraph 7
  381. 8Paragraph 8
  382. Part III: Disclosure Concerning Employment, etc, of Disabled Persons
  383. 9Paragraph 9
  384. Part IV
  385. 10Paragraph 10
  386. Part V: Employee Involvement
  387. 11Paragraph 11
  388. Part VI
  389. 12Policy and practice on payment of creditors
  390. Part 7: Disclosure required by certain publicly-traded companies
  391. 13Paragraph 13
  392. Schedule 7ZA
  393. Review objective
  394. 1Paragraph 1
  395. Other general requirements
  396. 2Paragraph 2
  397. Details of particular matters
  398. 3Paragraph 3
  399. 4Paragraph 4
  400. 5Paragraph 5
  401. 6Paragraph 6
  402. Reference to and explanation of company's accounts
  403. 7Paragraph 7
  404. Compliance with standards
  405. 8Paragraph 8
  406. Application of Schedule to group operating and financial review
  407. 9Paragraph 9
  408. Schedule 7A
  409. Part 1: INTRODUCTORY
  410. 1Paragraph 1
  411. Part 2: INFORMATION NOT SUBJECT TO AUDIT
  412. 2Consideration by the directors of matters relating to directors’ remuneration
  413. 3Statement of company’s policy on directors’ remuneration
  414. 4Performance Graph
  415. 5Service contracts
  416. Part 3: INFORMATION SUBJECT TO AUDIT
  417. 6Amount of each director’s emoluments and compensation in the relevant financial year
  418. 7Share options
  419. 8Paragraph 8
  420. 9Paragraph 9
  421. 10Long term incentive schemes
  422. 11Paragraph 11
  423. 12Pensions
  424. 13Excess retirement benefits of directors and past directors
  425. 14Compensation for past directors
  426. 15Sums paid to third parties in respect of a director’s services
  427. Part 4: INTERPRETATION AND SUPPLEMENTARY
  428. 16Paragraph 16
  429. 17Paragraph 17
  430. 18Paragraph 18
  431. 19Paragraph 19
  432. 20Paragraph 20
  433. 21Paragraph 21
  434. Schedule 7B
  435. Part 1: Specified persons
  436. 1Paragraph 1
  437. 2Paragraph 2
  438. 3Paragraph 3
  439. 4Paragraph 4
  440. 5Paragraph 5
  441. 6Paragraph 6
  442. Part 2: Specified descriptions of disclosures
  443. 7Paragraph 7
  444. 8Paragraph 8
  445. 9Paragraph 9
  446. 10Paragraph 10
  447. 11Paragraph 11
  448. 12Paragraph 12
  449. 13Paragraph 13
  450. 14Paragraph 14
  451. Part 3: Overseas regulatory bodies
  452. 15Paragraph 15
  453. 16Paragraph 16
  454. 17Paragraph 17
  455. Part II: ACCOUNTING PRINCIPLES AND RULES
  456. Chapter SECTION D: FAIR VALUE ACCOUNTING
  457. Inclusion of financial instruments at fair value
  458. 34AParagraph 34A
  459. Determination of fair value
  460. 34BParagraph 34B
  461. Inclusion of hedged items at fair value
  462. 34CParagraph 34C
  463. Other assets that may be included at fair value
  464. 34DParagraph 34D
  465. Accounting for changes in value
  466. 34EParagraph 34E
  467. The fair value reserve
  468. 34FParagraph 34F
  469. Schedule 9
  470. Part I: INDIVIDUAL ACCOUNTS
  471. Chapter 1: GENERAL RULES AND FORMATS
  472. THE REQUIRED FORMATS FOR ACCOUNTS
  473. FORMAT 1
  474. Vertical layout
  475. A. Charges
  476. Schedule 9A
  477. Part I: Individual Accounts
  478. Chapter I: General Rules and Formats
  479. General Rules
  480. 2Paragraph 2
  481. 3Paragraph 3
  482. 4Paragraph 4
  483. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  484. 6Paragraph 6
  485. 6AParagraph 6A
  486. The Required Formats for Accounts
  487. Preliminary
  488. 7Paragraph 7
  489. 8Paragraph 8
  490. 9Paragraph 9
  491. Balance Sheet Format
  492. ASSETS
  493. LIABILITIES
  494. Notes on the balance sheet format
  495. Special rules for balance sheet format
  496. 10Additional items
  497. 11Managed funds
  498. 12Deferred acquisition costs
  499. Profit and loss account format
  500. IParagraph I
  501. IIParagraph II
  502. IIIParagraph III
  503. Notes on the profit and loss account format
  504. Chapter II: Accounting Principles and Rules
  505. Accounting Principles
  506. Preliminary
  507. 13Paragraph 13
  508. Accounting principles
  509. 14Paragraph 14
  510. 15Paragraph 15
  511. 16Paragraph 16
  512. 17Paragraph 17
  513. 18Paragraph 18
  514. Departure from accounting principles
  515. 19Paragraph 19
  516. 19AValuation
  517. Current Value Accounting Rules
  518. Preliminary
  519. 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  520. 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  521. Valuation of assets: general
  522. 22Paragraph 22
  523. 23Paragraph 23
  524. Alternative valuation of fixed-income securities
  525. 24Paragraph 24
  526. Meaning of “current value”
  527. 25Paragraph 25
  528. 26Paragraph 26
  529. Application of the depreciation rules
  530. 27Paragraph 27
  531. Additional information to be provided
  532. 28Paragraph 28
  533. Revaluation reserve
  534. 29Paragraph 29
  536. VALUATION AT FAIR VALUE
  537. 29AInclusion of financial instruments at fair value
  538. 29BDetermination of fair value
  539. 29CInclusion of hedged items at fair value
  540. 29DOther assets that may be included at fair value
  541. 29EAccounting for changes in value
  542. 29FThe fair value reserve
  543. Historical Cost Accounting Rules
  544. Preliminary
  545. 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  546. Valuation of assets
  547. 31General rules
  548. 32Paragraph 32
  549. 33Paragraph 33
  550. 34Paragraph 34
  551. 35Development costs
  552. 36Goodwill
  553. Miscellaneous and supplemental
  554. 37Excess of money owed over value received as an asset item
  555. 38Assets included at a fixed amount
  556. 39Determination of cost
  557. 40Paragraph 40
  558. 41Substitution of original amount where price or cost unknown
  559. Rules for Determining Provisions
  560. 42Preliminary
  561. 43Technical provisions
  562. 44Provision for unearned premiums
  563. 45Provision for unexpired risks
  564. 46Long term business provision
  565. Provisions for claims outstanding
  566. 47General business
  567. 48Paragraph 48
  568. 49Long term business
  569. 50Equalisation reserves
  570. 51Accounting on a non-annual basis
  571. 52Paragraph 52
  572. 53Paragraph 53
  573. Chapter iii: Notes to the Accounts
  574. Preliminary
  575. 54Paragraph 54
  576. General
  577. 55Disclosure of accounting policies
  578. 56Paragraph 56
  579. 57Sums denominated in foreign currencies
  580. 57AReserves and dividends
  581. Information supplementing the balance sheet
  582. 58Share capital and debentures
  583. 59Paragraph 59
  584. 60Paragraph 60
  585. 61Paragraph 61
  586. 62Assets
  587. 63Paragraph 63
  588. 64Paragraph 64
  589. 65Investments
  590. 65AInformation about fair value of assets and liabilities
  591. 65BParagraph 65B
  592. 65CParagraph 65C
  593. 65DInformation where investment property and living animals and plants included at fair value
  594. 66Reserves and provisions
  595. 67Provision for taxation
  596. 68Details of indebtedness
  597. 69Paragraph 69
  598. 70Guarantees and other financial commitments
  599. 71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  600. 72Miscellaneous matters
  601. Information supplementing the profit and loss account
  602. 73Separate statement of certain items of income and expenditure
  603. 74Particulars of tax
  604. 75Particulars of business
  605. 76Paragraph 76
  606. 77Paragraph 77
  607. 78Commissions
  608. 79Particulars of staff Repealed
  609. 80Miscellaneous matters
  610. Chapter IV: Interpretation of Part I
  611. 81General
  612. 81AFinancial instruments
  613. 81BParagraph 81B
  614. 82Loans
  615. 83Materiality
  616. 84Provisions
  617. 85Scots land tenure
  618. 86Staff costs
  619. Part II: Consolidated Accounts
  620. Chapter: Schedule 4A to apply Part I of this Schedule with modifications
  621. 1Paragraph 1
  622. Chapter: Modifications of Part I of this Schedule for purposes of paragraph 1
  623. 2Paragraph 2
  624. Schedule 10
  625. Recent issues
  626. 1Paragraph 1
  627. Turnover and profitability
  628. 2Paragraph 2
  629. Labour force and wages paid
  630. 3Paragraph 3
  631. Schedule 14
  632. ICountries and Territories in Which Overseas Branch Register May be Kept
  633. Part II: General Provisions With Respect to Overseas Branch Registers
  634. 1Paragraph 1
  635. 2Paragraph 2
  636. 3Paragraph 3
  637. 4Paragraph 4
  638. 5Paragraph 5
  639. 6Paragraph 6
  640. 7Paragraph 7
  641. 8Paragraph 8
  642. Part III: Provisions for Branch Registers of Oversea Companies to be Kept in Great Britain
  643. 9Paragraph 9
  644. Schedule 15B
  645. 6Inspection of documents
  646. Schedule 15C: Specified persons
  647. 1Paragraph 1
  648. 2Paragraph 2
  649. 3Paragraph 3
  650. 3AParagraph 3A
  651. 4Paragraph 4
  652. 5Paragraph 5
  653. 6Paragraph 6
  654. 6AParagraph 6A
  655. 7Paragraph 7
  656. 7AParagraph 7A
  657. 7BParagraph 7B
  658. 7CParagraph 7C
  659. 7DParagraph 7D Repealed
  660. 8Paragraph 8
  661. 9Paragraph 9
  662. 10Paragraph 10
  663. Schedule 15D: Disclosures
  664. 1Paragraph 1
  665. 2Paragraph 2
  666. 3Paragraph 3
  667. 4Paragraph 4
  668. 5Paragraph 5
  669. 6Paragraph 6
  670. 7Paragraph 7
  671. 8Paragraph 8
  672. 9Paragraph 9
  673. 10Paragraph 10
  674. 11Paragraph 11
  675. 12Paragraph 12
  676. 13Paragraph 13
  677. 13AParagraph 13A
  678. 14Paragraph 14
  679. 15Paragraph 15
  680. 16Paragraph 16
  681. 17Paragraph 17
  682. 18Paragraph 18 Repealed
  683. 19Paragraph 19
  684. 20Paragraph 20
  685. 21Paragraph 21
  686. 22Paragraph 22
  687. 23Paragraph 23
  688. 24Paragraph 24
  689. 25Paragraph 25
  690. 26Paragraph 26
  691. 27Paragraph 27
  692. 27AParagraph 27A
  693. 28Paragraph 28
  694. 29Paragraph 29 Repealed
  695. 30Paragraph 30
  696. 31Paragraph 31
  697. 32Paragraph 32
  698. 33Paragraph 33
  699. 34Paragraph 34
  700. 35Paragraph 35
  701. 36Paragraph 36
  702. 37Paragraph 37 Repealed
  703. 38Paragraph 38
  704. 39Paragraph 39
  705. 40Paragraph 40
  706. 41Paragraph 41
  707. 42Paragraph 42
  708. 43Paragraph 43
  709. 44Paragraph 44
  710. 44AParagraph 44A
  711. 45Paragraph 45
  712. 46Paragraph 46
  713. 47Paragraph 47
  714. 48Paragraph 48
  715. 49Paragraph 49
  716. 50Paragraph 50 Repealed
  717. 9Scope of Part and Interpretation
  718. 10Preparation of accounts and reports