OpenLegislation

Companies Act 1985 in Scotland

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. 36BExecution of documents by companies. Repealed
  52. 36CPre-incorporation contracts, deeds and obligations. Repealed
  53. 37Bills of exchange and promissory notes. Repealed
  54. 38Execution of deeds abroad. Repealed
  55. 39Power of company to have official seal for use abroad. Repealed
  56. 40Official seal for share certificates, etc. Repealed
  57. 41Authentication of documents. Repealed
  58. 42Events affecting a company’s status. Repealed
  59. Part II: Re-registration as a means of altering a company’s status
  60. Private company becoming public
  61. 43Re-registration of private company as public. Repealed
  62. 44Consideration for shares recently allotted to be valued. Repealed
  63. 45Additional requirements relating to share capital. Repealed
  64. 46Meaning of “unqualified report” in s. 43(3). Repealed
  65. 47Certificate of re-registration under s. 43. Repealed
  66. 48Modification for unlimited company re-registering. Repealed
  67. Limited company becoming unlimited
  68. 49Re-registration of limited company as unlimited. Repealed
  69. 50Certificate of re-registration under s. 49. Repealed
  70. Unlimited company becoming limited
  71. 51Re-registration of unlimited company as limited. Repealed
  72. 52Certification of re-registration under s. 51. Repealed
  73. Public company becoming private
  74. 53Re-registration of public company as private. Repealed
  75. 54Litigated objection to resolution under s. 53. Repealed
  76. 55Certificate of re-registration under s. 53. Repealed
  77. Part III: Capital Issues
  78. Chapter I: Issues by Companies Registered, or to be Registered, in Great Britain
  79. The prospectus
  80. 56Matters to be stated, and reports to be set out, in prospectus.
  81. 57Attempted evasion of s. 56 to be void.
  82. 58Document offering shares etc. for sale deemed a prospectus. Repealed
  83. 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  84. 60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  85. 61Prospectus containing statement by expert.
  86. 62Meaning of “expert”. Repealed
  87. 63Prospectus to be dated.
  88. Registration of prospectus
  89. 64Registration requirement applicable in all cases.
  90. 65Additional requirements in case of prospectus issued generally.
  91. Liabilities and offences in connection with prospectus
  92. 66Directors, etc. exempt from liability in certain cases.
  93. 67Compensation for subscribers misled by statement in prospectus.
  94. 68Exemption from s. 67 for those acting with propriety.
  95. 69Indemnity for innocent director or expert.
  96. 70Criminal liability for untrue statements.
  97. Supplementary
  98. 71Interpretation for ss. 56 to 70.
  99. Chapter II: Issues by Companies Incorporated, or to be Incorporated, Outside Great Britain
  100. 72Prospectus of oversea company.
  101. 73Attempted evasion of s. 72 to be void.
  102. 74Prospectus containing statement by expert.
  103. 75Restrictions on allotment to be secured in prospectus.
  104. 76Stock exchange certificate exempting from compliance with Sch. 3.
  105. 77Registration of oversea prospectus before issue.
  106. 78Consequences (criminal and civil) of non-compliance with ss. 72-77.
  107. 79Supplementary.
  108. Part IV: Allotment of Shares and Debentures
  109. General provisions as to allotment
  110. 80Authority of company required for certain allotments. Repealed
  111. 80AElection by private company as to duration of authority. Repealed
  112. 81Restriction on public offers by private company. Repealed
  113. 82Application for, and allotment of, shares and debentures. Repealed
  114. 83No allotment unless minimum subscription received. Repealed
  115. 84Allotment where issue not fully subscribed. Repealed
  116. 85Effect of irregular allotment. Repealed
  117. 86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  118. 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  119. 88Return as to allotments, etc. Repealed
  120. Pre-emption rights
  121. 89Offers to shareholders to be on pre-emptive basis. Repealed
  122. 90Communication of pre-emption offers to shareholders. Repealed
  123. 91Exclusion of ss. 89, 90 by private company. Repealed
  124. 92Consequences of contravening ss. 89, 90. Repealed
  125. 93Saving for other restrictions as to offers. Repealed
  126. 94Definitions for ss. 89-96. Repealed
  127. 95Disapplication of pre-emption rights. Repealed
  128. 96Saving for company’s pre-emption procedure operative before 1982. Repealed
  129. Commissions and discounts
  130. 97Power of company to pay commissions. Repealed
  131. 98Apart from s. 97, commissions and discounts barred. Repealed
  132. Amount to be paid for shares; the means of payment
  133. 99General rules as to payment for shares on allotment. Repealed
  134. 100Prohibition on allotment of shares at a discount. Repealed
  135. 101Shares to be allotted as at least one-quarter paid-up. Repealed
  136. 102Restriction on payment by long-term undertaking. Repealed
  137. 103Non-cash consideration to be valued before allotment. Repealed
  138. 104Transfer to public company of non-cash asset in initial period. Repealed
  139. 105Agreements contravening s. 104. Repealed
  140. 106Shares issued to subscribers of memorandum. Repealed
  141. 107Meaning of “the appropriate rate”. Repealed
  142. Valuation provisions
  143. 108Valuation and report (s. 103). Repealed
  144. 109Valuation and report (s. 104). Repealed
  145. 110Entitlement of valuer to full disclosure. Repealed
  146. 111Matters to be communicated to registrar. Repealed
  147. Other matters arising out of allotment &c.
  148. 111ARight to damages, &c. not affected. Repealed
  149. 112Liability of subsequent holders of shares allotted. Repealed
  150. 113Relief in respect of certain liabilities under ss. 99 ff. Repealed
  151. 114Penalty for contravention. Repealed
  152. 115Undertakings to do work, etc. Repealed
  153. 116Application of ss. 99 ff to special cases. Repealed
  154. Part V: Share Capital, its Increase, Maintenance and Reduction
  155. Chapter I: General Provisions about Share Capital
  156. 117Public company share capital requirements. Repealed
  157. 118The authorised minimum. Repealed
  158. 119Provision for different amounts to be paid on shares. Repealed
  159. 120Reserve liability of limited company. Repealed
  160. 121Alteration of share capital (limited companies). Repealed
  161. 122Notice to registrar of alteration. Repealed
  162. 123Notice to registrar of increased share capital. Repealed
  163. 124Reserve capital of unlimited company. Repealed
  164. Chapter II: Class Rights
  165. 125Variation of class rights.
  166. 126Saving for court’s powers under other provisions. Repealed
  167. 127Shareholders’ right to object to variation. Repealed
  168. 128Registration of particulars of special rights. Repealed
  169. 129Registration of newly created class rights. Repealed
  170. Chapter III: Share Premiums
  171. 130Application of share premiums.
  172. 131Merger relief.
  173. 132Relief in respect of group reconstructions.
  174. 133Provisions supplementing ss. 131, 132.
  175. 134Provision for extending or restricting relief from s. 130.
  176. Chapter IV: Reduction of Share Capital
  177. 135Special resolution for reduction of share capital.
  178. 136Application to court for order of confirmation.
  179. 137Court order confirming reduction.
  180. 138Registration of order and minute of reduction.
  181. 139Public company reducing capital below authorised minimum.
  182. 140Liability of members on reduced shares.
  183. 141Penalty for concealing name of creditor, etc.
  184. Chapter V: Maintenance of Capital
  185. 142Duty of directors on serious loss of capital.
  186. 143General rule against company acquiring own shares.
  187. 144Aquisition of shares by company’s nominee.
  188. 145Exceptions from s. 144.
  189. 146Treatment of shares held by or for public company.
  190. 147Matters arising out of compliance with s. 146(2).
  191. 148Further provisions supplementing ss. 146, 147.
  192. 149Sanctions for non-compliance.
  193. 150Charges of public companies on own shares.
  194. Chapter VI: Financial Assistance by a Company for Acquisition of its Own Shares
  195. Provisions applying to both public and private companies
  196. 151Financial assistance generally prohibited. Repealed
  197. 152Definitions for this Chapter. Repealed
  198. 153Transactions not prohibited by s. 151. Repealed
  199. 154Special restriction for public companies.
  200. Private companies
  201. 155Relaxation of s. 151 for private companies. Repealed
  202. 156Statutory declaration under s. 155. Repealed
  203. 157Special resolution under s. 155. Repealed
  204. 158Time for giving financial assistance under s. 155. Repealed
  205. Chapter VII: Redeemable Shares; Purchase by a Company of its Own Shares
  206. Redemption and purchase generally
  207. 159Power to issue redeemable shares.
  208. 159ATerms and manner of redemption.
  209. 160Financing etc. of redemption.
  210. 161. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  211. 162Power of company to purchase own shares.
  212. 162ATreasury shares
  213. 162BTreasury shares: maximum holdings
  214. 162CTreasury shares: voting and other rights
  215. 162DTreasury shares: disposal and cancellation
  216. 162ETreasury shares: mandatory cancellation
  217. 162FTreasury shares: proceeds of sale
  218. 162GTreasury shares: penalty for contravention
  219. 163Definitions of “off-market” and “market” purchase.
  220. 164Authority for off-market purchase.
  221. 165Authority for contingent purchase contract.
  222. 166Authority for market purchase.
  223. 167Assignment or release of company’s right to purchase own shares.
  224. 168Payments apart from purchase price to be made out of distributable profits.
  225. 169Disclosure by company of purchase of own shares.
  226. 169ADisclosure by company of cancellation or disposal of treasury shares
  227. 170The capital redemption reserve.
  228. Redemption or purchase of own shares out of capital (private companies only)
  229. 171Power of private companies to redeem or purchase own shares out of capital.
  230. 172Availability of profits for purposes of s. 171.
  231. 173Conditions for payment out of capital.
  232. 174Procedure for special resolution under s. 173.
  233. 175Publicity for proposed payment out of capital.
  234. 176Objections by company’s members or creditors.
  235. 177Powers of court on application under s. 176.
  236. Supplementary
  237. 178Effect of company’s failure to redeem or purchase.
  238. 179Power for Secretary of State to modify this Chapter.
  239. 180Transitional cases arising under this Chapter; and savings.
  240. 181Definitions for Chapter VII.
  241. Chapter VIII: Miscellaneous Provisions about Shares and Debentures
  242. Share and debenture certificates, transfers and warrants
  243. 182Nature, transfer and numbering of shares. Repealed
  244. 183Transfer and registration. Repealed
  245. 184Certification of transfers. Repealed
  246. 185Duty of company as to issue of certificates. Repealed
  247. 186Certificate to be evidence of title. Repealed
  248. 187Evidence of grant of probate or confirmation as executor. Repealed
  249. 188Issue and effect of share warrant to bearer. Repealed
  250. 189Offences in connection with share warrants (Scotland). Repealed
  251. Debentures
  252. 190Register of debenture holders. Repealed
  253. 191Right to inspect register. Repealed
  254. 192Liability of trustees of debentures. Repealed
  255. 193Perpetual debentures. Repealed
  256. 194Power to re-issue redeemed debentures. Repealed
  257. 195Contract to subscribe for debentures. Repealed
  258. 196Payment of debts out of assets subject to floating charge (England and Wales). Repealed
  259. 197Debentures to bearer (Scotland). Repealed
  260. Part VI: Disclosure of Interests in Shares
  261. Individual and group acquisitions
  262. 198Obligation of disclosure: the cases in which it may arise and “the relevant time”. Repealed
  263. 199Interests to be disclosed. Repealed
  264. 200“Percentage level” in relation to notifiable interests. Repealed
  265. 201. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  266. 202Particulars to be contained in notification. Repealed
  267. 203Notification of family and corporate interests. Repealed
  268. 204Agreement to acquire interests in a particular company. Repealed
  269. 205Obligation of disclosure arising under s. 204. Repealed
  270. 206Obligation of persons acting together to keep each other informed. Repealed
  271. 207Interests in shares by attribution. Repealed
  272. 208Interests in shares which are to be notified. Repealed
  273. 209Interests to be disregarded. Repealed
  274. 210Other provisions about notification under this Part. Repealed
  275. 210APower to make further provision by regulations. Repealed
  276. Registration and investigation of share acquisitions and disposals
  277. 211Register of interests in shares. Repealed
  278. 212Company investigations. Repealed
  279. 213Registration of interests disclosed under s. 212. Repealed
  280. 214Company investigation on requisition by members. Repealed
  281. 215Company report to members. Repealed
  282. 216Penalty for failure to provide information. Repealed
  283. 217Removal of entries from register. Repealed
  284. 218Otherwise, entries not to be removed. Repealed
  285. 219Inspection of register and reports. Repealed
  286. Supplementary
  287. 220Definitions for Part VI. Repealed
  288. Part VII: Accounts and Audit
  289. Chapter I: Provisions Applying to Companies Generally
  290. Accounting records
  291. 221Duty to keep accounting records. Repealed
  292. 222Where and for how long records to be kept. Repealed
  293. A company’s financial year and accounting reference periods
  294. 223A company’s financial year. Repealed
  295. 224Accounting reference periods and accounting reference date. Repealed
  296. 225Alteration of accounting reference date. Repealed
  297. Annual accounts
  298. 226Duty to prepare individual accounts. Repealed
  299. 226ACompanies Act individual accounts Repealed
  300. 226BIAS individual accounts Repealed
  301. 227Duty to prepare group accounts. Repealed
  302. 227ACompanies Act group accounts Repealed
  303. 227BIAS group accounts Repealed
  304. 227CConsistency of accounts Repealed
  305. 228Exemption for parent companies included in accounts of larger group. Repealed
  306. 228AExemption for parent companies included in non-EEA group accounts Repealed
  307. 229Subsidiary undertakings included in the consolidation. Repealed
  308. 230Treatment of individual profit and loss account where group accounts prepared. Repealed
  309. 231Disclosure required in notes to accounts:related undertakings. Repealed
  310. 231ADisclosure required in notes to annual accounts: particulars of staff Repealed
  311. 232Disclosure required in notes to accounts: emoluments and other benefits of directors and others. Repealed
  312. Approval and signing of accounts
  313. 233Approval and signing of accounts Repealed
  314. Directors' report
  315. 234Duty to prepare directors' report. Repealed
  316. 234ZZADirectors' report: general requirements Repealed
  317. 234ZZBDirectors' report: business review Repealed
  318. 234ZAStatement as to disclosure of information to auditors Repealed
  319. 234AApproval and signing of directors’ report. Repealed
  320. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  321. 234AADuty to prepare operating and financial review Repealed
  322. 234ABApproval and signing of operating and financial review Repealed
  323. Quoted companies: directors’ remuneration report
  324. 234BDuty to prepare directors’ remuneration report Repealed
  325. 234CApproval and signing of directors’ remuneration report Repealed
  326. Auditors’ report
  327. 235Auditors’ report. Repealed
  328. 236Signature of auditors’ report. Repealed
  329. 237Duties of auditors. Repealed
  330. Publication of accounts and reports
  331. 238Persons entitled to receive copies of accounts and reports. Repealed
  332. 238ATime allowed for sending out copies of accounts and reports Repealed
  333. 239Rights to demand copies of accounts and reports. Repealed
  334. 240Requirements in connection with publication of accounts. Repealed
  335. Laying and delivering of accounts and reports
  336. 241Accounts and reports to be laid before company in general meeting. Repealed
  337. 241AMembers’ approval of directors’ remuneration report Repealed
  338. 242Accounts and reports to be delivered to the registrar. Repealed
  339. 242ACivil penalty for failure to deliver accounts. Repealed
  340. 242BDelivery and publication of accounts in ECUs Repealed
  341. 243Accounts of subsidiary undertakings to be appended in certain cases. Repealed
  342. 244Period allowed for laying and delivering accounts and reports. Repealed
  343. Revision of defective accounts and reports
  344. 245Voluntary revision of annual accounts or directors’ report. Repealed
  345. 245ASecretary of State’s notice in respect of annual accounts. Repealed
  346. 245BApplication to court in respect of defective accounts. Repealed
  347. 245COther persons authorised to apply to court. Repealed
  348. 245DDisclosure of information held by Inland Revenue to persons authorised to apply to court Repealed
  349. 245ERestrictions on use and further disclosure of information disclosed under section 245D Repealed
  350. 245FPower of authorised persons to require documents, information and explanations Repealed
  351. 245GRestrictions on further disclosure of information obtained under section 245F Repealed
  352. Chapter II: Exemptions, Exceptions and Special Provisions
  353. Small and medium-sized companies and groups
  354. 246Special provisions for small companies Repealed
  355. 246ASpecial provisions for medium-sized companies Repealed
  356. 247Qualification of company as small or medium-sized. Repealed
  357. 247ACases in which special provisions do not apply Repealed
  358. 247BSpecial auditors’ report Repealed
  359. 248Exemption for small and medium-sized groups. Repealed
  360. 248AGroup accounts prepared by small company Repealed
  361. 249Qualification of group as small or medium-sized. Repealed
  362. Exemptions from audit for certain categories of small company
  363. 249AExemptions from audit Repealed
  364. 249AADormant companies Repealed
  365. 249BCases where exemptions not available Repealed
  366. 249CThe report required for the purposes of section 249A(2). Repealed
  367. 249DThe reporting accountant Repealed
  368. 249EEffect of exemptions Repealed
  369. Dormant companies
  370. 250. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  371. Listed public companies
  372. 251Summary financial statement Repealed
  373. Private companies
  374. 252Election to dispense with laying of accounts and reports before general meeting. Repealed
  375. 253Right of shareholder to require laying of accounts. Repealed
  376. Unlimited companies
  377. 254Exemption from requirement to deliver accounts and reports. Repealed
  378. Banking and insurance companies and groups
  379. 255Special provisions for banking and insurance companies. Repealed
  380. 255ASpecial provisions for banking and insurance groups. Repealed
  381. 255BModification of disclosure requirements in relation to banking company or group. Repealed
  382. 255C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  383. 255DPower to apply provisions to banking partnerships. Repealed
  384. Welsh private companies
  385. 255EDelivery of accounting documents in Welsh only. Repealed
  386. Chapter III: Supplementary Provisions
  387. Accounting standards
  388. 256Accounting standards. Repealed
  389. 256AReporting standards Repealed
  390. Power to alter accounting requirements
  391. 257Power of Secretary of State to alter accounting requirements. Repealed
  392. Parent and subsidiary undertakings
  393. 258Parent and subsidiary undertakings. Repealed
  394. Other interpretation provisions
  395. 259Meaning of “undertaking” and related expressions. Repealed
  396. 260Participating interests. Repealed
  397. 261Notes to the accounts. Repealed
  398. 262Minor definitions. Repealed
  399. 262AIndex of defined expressions. Repealed
  400. Part VIII: Distribution of Profits and Assets
  401. Limits of company’s power of distribution
  402. 263Certain distributions prohibited. Repealed
  403. 264Restriction on distribution of assets. Repealed
  404. 265Other distributions by investment companies. Repealed
  405. 266Meaning of “investment company”. Repealed
  406. 267Extension of ss. 265, 266 to other companies. Repealed
  407. 268Realised profits of insurance company with long term business. Repealed
  408. 269Treatment of development costs. Repealed
  409. Relevant accounts
  410. 270Distribution to be justified by reference to company’s accounts. Repealed
  411. 271Requirements for last annual accounts. Repealed
  412. 272Requirements for interim accounts. Repealed
  413. 273Requirements for initial accounts. Repealed
  414. 274Method of applying s. 270 to successive distributions. Repealed
  415. 275Treatment of assets in the relevant accounts. Repealed
  416. 276Distributions in kind. Repealed
  417. Supplementary
  418. 277Consequences of unlawful distribution. Repealed
  419. 278Saving for provision in articles operative before Act of 1980. Repealed
  420. 279Distributions by banking or insurance companies. Repealed
  421. 280Definitions for Part VIII. Repealed
  422. 281Saving for other restraints on distribution. Repealed
  423. Part IX: A Company’s Management; Directors and Secretaries; their Qualifications, Duties and Responsibilities
  424. Officers and registered office
  425. 282Directors. Repealed
  426. 283Secretary. Repealed
  427. 284Acts done by person in dual capacity. Repealed
  428. 285Validity of acts of directors. Repealed
  429. 286Qualifications of company secretaries. Repealed
  430. 287Registered office. Repealed
  431. 288Register of directors and secretaries. Repealed
  432. 288A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  433. 289Particulars of directors to be registered under s. 288. Repealed
  434. 290Particulars of secretaries to be registered under s. 288. Repealed
  435. Provisions governing appointment of directors
  436. 291Share qualification of directors. Repealed
  437. 292Appointment of directors to be voted on individually. Repealed
  438. 293Age limit for directors. Repealed
  439. 294Duty of director to disclose his age. Repealed
  440. Disqualification
  441. 295–299. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  442. 300. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  443. 301, 302. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  444. Removal of directors
  445. 303Resolution to remove director. Repealed
  446. 304Director’s right to protest removal. Repealed
  447. Other provisions about directors and officers
  448. 305Directors’ names on company correspondence, etc. Repealed
  449. 306Limited company may have directors with unlimited liability. Repealed
  450. 307Special resolution making liability of directors unlimited. Repealed
  451. 308Assignment of office by directors. Repealed
  452. 309Directors to have regard to interests of employees. Repealed
  453. 309AProvisions protecting directors from liability Repealed
  454. 309BQualifying third party indemnity provisions Repealed
  455. 309CDisclosure of qualifying third party indemnity provisions Repealed
  456. 310Provisions protecting auditors from liability. Repealed
  457. Part X: Enforcement of Fair Dealing by Directors
  458. Restrictions on directors taking financial advantage
  459. 311Prohibition on tax-free payments to directors. Repealed
  460. 312Payment to director for loss of office etc. Repealed
  461. 313Company approval for property transfer. Repealed
  462. 314Director’s duty of disclosure on takeover, etc. Repealed
  463. 315Consequences of non-compliance with s. 314. Repealed
  464. 316Provisions supplementing ss. 312 to 315. Repealed
  465. 317Directors to disclose interest in contracts. Repealed
  466. 318Directors’ service contracts to be open to inspection. Repealed
  467. 319Director’s contract of employment for more than 5 years. Repealed
  468. 320Substantial property transactions involving directors, etc. Repealed
  469. 321Exceptions from s. 320. Repealed
  470. 322Liabilities arising from contravention of s. 320. Repealed
  471. 322AInvalidity of certain transactions involving directors, etc. Repealed
  472. 322BContracts with sole members who are directors Repealed
  473. Share dealings by directors and their families
  474. 323Prohibition on directors dealing in share options. Repealed
  475. 324Duty of director to disclose shareholdings in own company. Repealed
  476. 325Register of directors’ interests notified under s. 324. Repealed
  477. 326Sanctions for non-compliance. Repealed
  478. 327Extension of s. 323 to spouses , civil partners and children. Repealed
  479. 328Extension of s. 324 to spouses , civil partners and children. Repealed
  480. 329Duty to notify stock exchange of matters notified under preceding sections. Repealed
  481. Restrictions on a company’s power to make loans, etc., to directors and persons connected with them
  482. 330General restriction on loans etc. to directors and persons connected with them. Repealed
  483. 331Definitions for ss. 330 ff. Repealed
  484. 332Short-term quasi-loans. Repealed
  485. 333Inter-company loans in same group. Repealed
  486. 334Loans of small amounts. Repealed
  487. 335Minor and business transactions. Repealed
  488. 336Transactions at behest of holding company. Repealed
  489. 337Funding of director’s expenditure on duty to company. Repealed
  490. 337AFunding of director’s expenditure on defending proceedings Repealed
  491. 338Loan or quasi-loan by money-lending company. Repealed
  492. 339“Relevant amounts” for purposes of ss. 334 ff. Repealed
  493. 340“Value” of transactions and arrangements. Repealed
  494. 341Civil remedies for breach of s. 330. Repealed
  495. 342Criminal penalties for breach of s. 330. Repealed
  496. 343Record of transactions not disclosed in company accounts. Repealed
  497. 344Exceptions from s. 343. Repealed
  498. Supplementary
  499. 345Power to increase financial limits. Repealed
  500. 346“Connected persons”, etc. Repealed
  501. 347Transactions under foreign law. Repealed
  502. Part XA: Control of political donations
  503. 347AIntroductory provisions. Repealed
  504. 347BExemptions. Repealed
  505. 347CProhibition on donations and political expenditure by companies. Repealed
  506. 347DSpecial rules for subsidiaries. Repealed
  507. 347ESpecial rule for parent company of non-GB subsidiary undertaking. Repealed
  508. 347FRemedies for breach of prohibitions on company donations etc. Repealed
  509. 347GRemedy for unauthorised donation or expenditure by non-GB subsidiary. Repealed
  510. 347HExemption of directors from liability in respect of unauthorised donation or expenditure. Repealed
  511. 347IEnforcement of directors’ liabilities by shareholder action. Repealed
  512. 347JCosts of shareholder action. Repealed
  513. 347KInformation for purposes of shareholder action. Repealed
  514. Part XI: Company administration and procedure
  515. Chapter I: Company Identification
  516. 348Company name to appear outside place of business. Repealed
  517. 349Company’s name to appear in its correspondence, etc. Repealed
  518. 350Company seal. Repealed
  519. 351Particulars in correspondence, etc. Repealed
  520. Chapter II: Register of Members
  521. 352Obligation to keep and enter up register. Repealed
  522. 352AStatement that company has only one member Repealed
  523. 353Location of register. Repealed
  524. 354Index of members. Repealed
  525. 355Entries in register in relation to share warrants. Repealed
  526. 356Inspection of register and index. Repealed
  527. 357Non-compliance with ss. 353, 354, 356; agent’s default. Repealed
  528. 358Power to close register. Repealed
  529. 359Power of court to rectify register. Repealed
  530. 360Trusts not to be entered on register in England and Wales. Repealed
  531. 361Register to be evidence. Repealed
  532. 362Overseas branch registers. Repealed
  533. Chapter III: Annual Return
  534. 363Duty to deliver annual returns.
  535. 364Contents of annual return: general.
  536. 364AContents of annual return: particulars of share capital . . . .
  537. 364BContents of annual return: information about shareholders: non-traded companies
  538. 364CContents of annual return: information about shareholders: traded companies
  539. 364DContents of annual return: information about shareholders: supplementary
  540. 365Supplementary provisions: regulations and interpretation.
  541. Chapter IV: Meetings and Resolutions
  542. Meetings
  543. 366Annual general meeting. Repealed
  544. 366AElection by private company to dispense with annual general meetings. Repealed
  545. 367Secretary of State’s power to call meeting in default. Repealed
  546. 368Extraordinary general meeting on members’ requisition. Repealed
  547. 369Length of notice for calling meetings. Repealed
  548. 370General provisions as to meetings and votes. Repealed
  549. 370AQuorum at meetings of the sole member Repealed
  550. 371Power of court to order meeting. Repealed
  551. 372Proxies. Repealed
  552. 373Right to demand a poll. Repealed
  553. 374Voting on a poll. Repealed
  554. 375Representation of corporations at meetings. Repealed
  555. Resolutions
  556. 376Circulation of members’ resolutions. Repealed
  557. 377In certain cases, compliance with s. 376 not required. Repealed
  558. 378Extraordinary and special resolutions. Repealed
  559. 379Resolution requiring special notice. Repealed
  560. 379AElective resolution of private company. Repealed
  561. 380Registration, etc. of resolutions and agreements. Repealed
  562. 381Resolution passed at adjourned meeting. Repealed
  563. Written resolutions of private companies
  564. 381AWritten resolutions of private companies. Repealed
  565. 381BDuty to notify auditors of proposed written resolution Repealed
  566. 381CWritten resolutions: supplementary provisions. Repealed
  567. Records of proceedings
  568. 382Minutes of meetings. Repealed
  569. 382ARecording of written resolutions. Repealed
  570. 382BRecording of decisions by the sole member Repealed
  571. 383Inspection of minute books. Repealed
  572. Appointment of auditors
  573. 384Duty to appoint auditors. Repealed
  574. 385Appointment at general meeting at which accounts laid. Repealed
  575. 385AAppointment by private company which is not obliged to lay accounts. Repealed
  576. 386Election by private company to dispense with annual appointment. Repealed
  577. 387Appointment by Secretary of State in default of appointment by company. Repealed
  578. 388Filling of casual vacancies. Repealed
  579. 388ACertain companies exempt from obligation to appoint auditors Repealed
  580. 389. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  581. Rights of auditors
  582. 389ARights to information. Repealed
  583. 389BOffences relating to the provision of information to auditors Repealed
  584. 390Right to attend company meetings, &c. Repealed
  585. Remuneration of auditors
  586. 390ARemuneration of auditors. Repealed
  587. 390BDisclosure of services provided by auditors or associates and related remuneration Repealed
  588. Removal, resignation, &c. of auditors
  589. 391Removal of auditors. Repealed
  590. 391ARights of auditors who are removed or not re-appointed. Repealed
  591. 392Resignation of auditors. Repealed
  592. 392ARights of resigning auditors. Repealed
  593. 393Termination of appointment of auditors not appointed annually. Repealed
  594. 394Statement by person ceasing to hold office as auditor. Repealed
  595. 394AOffences of failing to comply with s. 394. Repealed
  596. Part XII: Registration of Charges
  597. Chapter I: Registration of Charges (England and Wales)
  598. 395Certain charges void if not registered.
  599. 396Charges which have to be registered.
  600. 397Formalities of registration (debentures).
  601. 398Verification of charge on property outside United Kingdom.
  602. 399Company’s duty to register charges it creates.
  603. 400Charges existing on property acquired.
  604. 401Register of charges to be kept by registrar of companies.
  605. 402Endorsement of certificate on debentures.
  606. 403Entries of satisfaction and release.
  607. 404Rectification of register of charges.
  608. 405Registration of enforcement of security.
  609. 406Companies to keep copies of instruments creating charges.
  610. 407Company’s register of charges.
  611. 408Right to inspect instruments which create charges, etc.
  612. 409Charges on property in England and Wales created by oversea company.
  613. Chapter II: Registration of Charges (Scotland)
  614. 410Charges void unless registered.
  615. 411Charges on property outside United Kingdom.
  616. 412Negotiable instrument to secure book debts.
  617. 413Charges associated with debentures.
  618. 414Charge by way of ex facie absolute disposition, etc.
  619. 415Company’s duty to register charges created by it.
  620. 416Duty to register charges existing on property acquired.
  621. 417Register of charges to be kept by registrar of companies.
  622. 418Certificate of registration to be issued.
  623. 419Entries of satisfaction and relief.
  624. 420Rectification of register.
  625. 421Copies of instruments creating charges to be kept by company.
  626. 422Company’s register of charges.
  627. 423Right to inspect copies of instruments, and company’s register.
  628. 424Extension of Chapter II.
  629. Part XIII: Arrangements and Reconstructions
  630. 425Power of company to compromise with creditors and members. Repealed
  631. 426Information as to compromise to be circulated. Repealed
  632. 427Provisions for facilitating company reconstruction or amalgamation. Repealed
  633. 427AApplication of ss. 425–427 to mergers and divisions of public companies. Repealed
  634. Part XIIIA: Takeover Offers
  635. 428Takeover offers. Repealed
  636. 429Right of offeror to buy out minority shareholders. Repealed
  637. 430Effect of notice under s. 429. Repealed
  638. 430ARight of minority shareholder to be bought out by offeror. Repealed
  639. 430BEffect of requirement under s. 430A. Repealed
  640. 430CApplications to the court. Repealed
  641. 430DJoint offers. Repealed
  642. 430EAssociates. Repealed
  643. 430FConvertible securities. Repealed
  644. Part XIV: Investigation of Companies and Their Affairs; Requisition of Documents
  645. Appointment and functions of inspectors
  646. 431Investigation of a company on its own application or that of its members.
  647. 432Other company investigations.
  648. 433Inspectors’ powers during investigation.
  649. 434Production of documents and evidence to inspectors.
  650. 435. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  651. 436Obstruction of inspectors treated as contempt of court.
  652. 437Inspectors’ reports.
  653. 438Power to bring civil proceedings on company’s behalf. Repealed
  654. 439Expenses of investigating a company’s affairs.
  655. 440Power of Secretary of State to present winding-up petition. Repealed
  656. 441Inspectors’ report to be evidence.
  657. Other powers of investigation available to the Secretary of State
  658. 442Power to investigate company ownership.
  659. 443Provisions applicable on investigation under s. 442.
  660. 444Power to obtain information as to those interested in shares, etc.
  661. 445Power to impose restrictions on shares and debentures.
  662. 446Investigation of share dealings. Repealed
  663. Powers of Secretary of State to give directions to inspectors Not yet in force
  664. 446AGeneral powers to give directions Not yet in force
  665. 446BDirection to terminate investigation Not yet in force
  666. Resignation, removal and replacement of inspectors Not yet in force
  667. 446CResignation and revocation of appointment Not yet in force
  668. 446DAppointment of replacement inspectors Not yet in force
  669. Power to obtain information from former inspectors etc Not yet in force
  670. 446EObtaining information from former inspectors etc Not yet in force
  671. Requisition and seizure of books and papers
  672. 447Power to require documents and information
  673. 447AInformation provided: evidence
  674. 448Entry and search of premises.
  675. 448AProtection in relation to certain disclosures: information provided to Secretary of State
  676. 449Provision for security of information obtained.
  677. 450Punishment for destroying, mutilating, etc. company documents.
  678. 451Punishment for furnishing false information.
  679. 451ADisclosure of information by Secretary of State or inspector.
  680. 452Privileged information.
  681. 453Investigation of overseas companies.
  682. 453APower to enter and remain on premises
  683. 453BPower to enter and remain on premises: procedural
  684. 453CFailure to comply with certain requirements
  685. 453DOffences by bodies corporate
  686. Part XV: Orders Imposing Restrictions on Shares (Section 445)
  687. 454Consequence of order imposing restrictions.
  688. 455Punishment for attempted evasion of restrictions.
  689. 456Relaxation and removal of restrictions.
  690. 457Further provisions on sale by court order of restricted shares.
  691. Part XVI: Fraudulent Trading by a Company
  692. 458Punishment for fraudulent trading. Repealed
  693. Part XVII: Protection of Company’s Members against Unfair Prejudice
  694. 459Order on application of company member. Repealed
  695. 460Order on application of Secretary of State. Repealed
  696. 461Provisions as to petitions and orders under this Part. Repealed
  697. Part XVIII: Floating Charges and Receivers (Scotland)
  698. Chapter I: Floating Charges
  699. 462Power of incorporated company to create floating charge.
  700. 463Effect of floating charge on winding up.
  701. 464Ranking of floating charges.
  702. 465Continued effect of certain charges validated by Act of 1972.
  703. 466Alteration of floating charges.
  704. Chapter II: Receivers
  705. 467–485. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  706. Chapter III: General
  707. 486Interpretation for Part XVIII generally.
  708. 487Extent of Part XVIII.
  709. Part XIX: Receivers and Managers (England and Wales)
  710. 488–500. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  711. Part XX: Winding Up of Companies Registered Under this Act or the Former Companies Acts
  712. Chapter s I–V: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  713. 501–650. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  714. Chapter VI: Matters Arising Subsequent to Winding Up
  715. 651Power of court to declare dissolution of company void.
  716. 652Registrar may strike defunct company off register.
  717. 652ARegistrar may strike private company off register on application.
  718. 652BDuties in connection with making application under section 652A.
  719. 652CDirectors’ duties following application under section 652A.
  720. 652DSections 652B and 652C: supplementary provisions.
  721. 652ESections 652B and 652C: enforcement.
  722. 652FOther offences connected with section 652A.
  723. 653Objection to striking off by person aggrieved.
  724. 654Property of dissolved company to be bona vacantia.
  725. 655Effect on s. 654 of company’s revival after dissolution.
  726. 656Crown disclaimer of property vesting as bona vacantia.
  727. 657Effect of Crown disclaimer under s. 656.
  728. 658Liability for rentcharge on company’s land after dissolution.
  729. Chapter VII: Miscellaneous Provisions About Winding Up
  730. 659–662. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  731. 663. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  732. 664. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  733. Part XXI
  734. 665–674. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  735. Part XXII: Bodies Corporate Subject, or Becoming Subject, to this Act (Otherwise than by Original Formation Under Part I)
  736. Chapter I: Companies Formed or Registered under Former Companies Acts
  737. 675Companies formed and registered under former Companies Acts.
  738. 676Companies registered but not formed under former Companies Acts.
  739. 677Companies re-registered with altered status under former Companies Acts.
  740. 678Companies registered under Joint Stock Companies Acts.
  741. 679Northern Ireland and Irish companies.
  742. Chapter II: Companies not Formed under Companies Legislation, but Authorised to Register
  743. 680Companies capable of being registered under this Chapter.
  744. 681Procedural requirements for registration.
  745. 682Change of name on registration.
  746. 683Definition of “joint stock company”.
  747. 684Requirements for registration by joint stock companies.
  748. 685Registration of joint stock company as public company.
  749. 686Other requirements for registration.
  750. 687Name of company registering.
  751. 688Certificate of registration under this Chapter.
  752. 689Effect of registration.
  753. 690Power to substitute memorandum and articles for deed of settlement.
  754. Part XXIII: Oversea Companies
  755. Chapter I: Registration, Etc.
  756. 690ABranch registration under the Eleventh Company Law Directive (89/666/EEC).
  757. 690BScope of sections 691 and 692.
  758. 691Documents to be delivered to registrar.
  759. 692Registration of altered particulars.
  760. 692AChange in registration regime.
  761. 693Obligation to state name and other particulars.
  762. 694Regulation of oversea companies in respect of their names.
  763. 694AService of documents: companies to which section 690A applies.
  764. 695Service of documents on oversea company.
  765. 695ARegistrar to whom documents to be delivered: companies to which section 690A applies.
  766. 696Office where documents to be filed.
  767. 697Penalties for non-compliance.
  768. 698Definitions . . ..
  769. 699Channel Islands and Isle of Man companies.
  770. Chapter II: Delivery of Accounts and Reports
  771. 699ACredit and financial institutions to which the Bank Branches Directive (89/117/EEC) applies.
  772. 699AACompanies to which the Eleventh Company Law Directive applies.
  773. 699BScope of sections 700 to 703.
  774. 700Preparation of accounts and reports by oversea companies.
  775. 701Oversea company’s financial year and accounting reference periods.
  776. 702Delivery to registrar of accounts and reports of oversea company.
  777. 703Penalty for non-compliance.
  778. Chapter III: Registration of Charges
  779. 703AIntroductory provisions.
  780. 703BCharges requiring registration.
  781. 703CThe register.
  782. 703DCompany’s duty to deliver particulars of charges for registration.
  783. 703ERegistrar to whom particulars, &c. to be delivered.
  784. 703FEffect of failure to deliver particulars, late delivery and effect of errors and omissions.
  785. 703GDelivery of further particulars or memorandum.
  786. 703HFurther provisions with respect to voidness of charges.
  787. 703IAdditional information to be registered.
  788. 703JCopies of instruments and register to be kept by company.
  789. 703KPower to make further provision by regulations.
  790. 703LProvisions as to situation of property.
  791. 703MOther supplementary provisions.
  792. 703NIndex of defined expressions.
  793. Chapter IV: WINDING UP ETC.
  794. 703OScope of Chapter.
  795. 703PParticulars to be delivered to the registrar: winding up.
  796. 703QParticulars to be delivered to the registrar: insolvency proceedings etc.
  797. 703RPenalty for non-compliance
  798. Part XXIV: The Registrar of Companies, His Functions and Offices
  799. 704Registration offices. Repealed
  800. 705Companies’ registered numbers. Repealed
  801. 705ARegistration of branches of oversea companies. Repealed
  802. 706Delivery to the registrar of documents in legible form. Repealed
  803. 707. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  804. 707AThe keeping of company records by the registrar.
  805. 707BDelivery to the registrar using electronic communications Repealed
  806. 708Fees payable to registrar.
  807. 709Inspection, &c. of records kept by the registrar. Repealed
  808. 710Certificate of incorporation. Repealed
  809. 710AProvision and authentication by registrar of documents in non-legible form. Repealed
  810. 710BDocuments relating to Welsh companies. Repealed
  811. 711Public notice by registrar of receipt and issue of certain documents. Repealed
  812. 711AExclusion of deemed notice. Repealed
  813. 712. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  814. 713Enforcement of company’s duty to make returns. Repealed
  815. 714Registrar’s index of company and corporate names. Repealed
  816. 715. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  817. 715AInterpretation. Repealed
  818. Part XXV: Miscellaneous and Supplementary Provisions
  819. 716Prohibition of partnerships with more than 20 members. Repealed
  820. 717Limited partnerships: limit on number of members. Repealed
  821. 718Unregistered companies. Repealed
  822. 719Power of company to provide for employees on cessation or transfer of business. Repealed
  823. 720Certain companies to publish periodical statement. Repealed
  824. 721Production and inspection of books where offence suspected. Repealed
  825. 722Form of company registers, etc. Repealed
  826. 723Use of computers for company records. Repealed
  827. 723AObligations of company as to inspection of registers, &c. Repealed
  828. 723BConfidentiality orders Repealed
  829. 723CEffect of confidentiality orders Repealed
  830. 723DConstruction of sections 723B and 723C Repealed
  831. 723ESections 723B and 723C: offences Repealed
  832. 723FRegulations under sections 723B to 723E Repealed
  833. 724. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  834. 725Service of documents. Repealed
  835. 726Costs and expenses in actions by certain limited companies.
  836. 727Power of court to grant relief in certain cases. Repealed
  837. 728Enforcement of High Court orders. Repealed
  838. 729Annual report by Secretary of State. Repealed
  839. 730Punishment of offences.
  840. 730AMeaning of “officer in default” Repealed
  841. 731Summary proceedings. Repealed
  842. 732Prosecution by public authorities. Repealed
  843. 733Offences by bodies corporate. Repealed
  844. 734Criminal proceedings against unincorporated bodies. Repealed
  845. Part XXVI: Interpretation
  846. 735“Company”, etc. Repealed
  847. 735ARelationship of this Act to Insolvency Act. Repealed
  848. 735BRelationship of this Act to Parts IV and V of the Financial Services Act 1986. Repealed
  849. 736“Subsidiary”, “holding company” and “wholly-owned subsidiary”. Repealed
  850. 736AProvisions supplementing s. 736. Repealed
  851. 736BPower to amend ss. 736 and 736A. Repealed
  852. 737“Called-up share capital”. Repealed
  853. 738“Allotment” and “paid up”. Repealed
  854. 739“Non-cash asset”. Repealed
  855. 740“Body corporate” and “corporation”. Repealed
  856. 741“Director” and “shadow director”. Repealed
  857. 742Expressions used in connection with accounts. Repealed
  858. 742AMeaning of “offer to the public” Repealed
  859. 742BMeaning of “banking company” Repealed
  860. 742CMeaning of “insurance company” and “authorised insurance company” Repealed
  861. 743“Employees’ share scheme”. Repealed
  862. 743AMeaning of “office copy” in Scotland. Repealed
  863. 744Expressions used generally in this Act. Repealed
  864. 744AIndex of defined expressions. Repealed
  865. Part XXVII: Final Provisions
  866. 745Northern Ireland. Repealed
  867. 745A“Bank of England”
  868. 746Commencement. Repealed
  869. 747Citation.
  870. Schedule 1: Particulars of Directors etc. to be Contained in Statement Under Section 10
  871. Directors
  872. 1Paragraph 1
  873. 2Paragraph 2
  874. Secretaries
  875. 3Paragraph 3
  876. Interpretation
  877. 4Paragraph 4
  878. 5Paragraph 5
  879. Schedule 2: Interpretation of References to “Beneficial Interest”
  880. Part I: References in Sections 23, 145, 146 and 148
  881. Residual interests under pension and employees’ share schemes
  882. 1Paragraph 1
  883. 2Paragraph 2
  884. Employer’s charges and other rights of recovery
  885. 3Paragraph 3
  886. Trustee’s right to expenses, remuneration, indemnity, etc.
  887. 4Paragraph 4
  888. Supplementary
  889. 5Paragraph 5
  890. Part II: References in Schedule 5
  891. Resididual interests under pension and employees’ share schemes
  892. 6Paragraph 6
  893. Employer’s charges and other rights of recovery
  894. 7Paragraph 7
  895. Trustee’s right to expenses, remuneration, indemnity, &c.
  896. 8Paragraph 8
  897. Supplementary
  898. 9Paragraph 9
  899. Schedule 3: Mandatory Contents of Prospectus
  900. Part I: Matters to be Stated
  901. The company’s proprietorship, management and its capital requirement
  902. 1Paragraph 1
  903. 2Paragraph 2 Repealed
  904. Details relating to the offer
  905. 3Paragraph 3
  906. 4Paragraph 4
  907. 5Paragraph 5
  908. Property acquired or to be acquired by the company
  909. 6Paragraph 6
  910. 7Paragraph 7
  911. 8Paragraph 8
  912. 9Paragraph 9
  913. Commissions, preliminary expenses, etc.
  914. 10Paragraph 10
  915. Contracts
  916. 11Paragraph 11
  917. Auditors
  918. 12Paragraph 12
  919. Interests of directors
  920. 13Paragraph 13
  921. Other matters
  922. 14Paragraph 14
  923. 15Paragraph 15
  924. Part II: Auditors’ and accountants’ reports to be set out in prospectus
  925. Auditors’ report
  926. 16Paragraph 16
  927. Accountants’ reports
  928. 17Paragraph 17
  929. 18Paragraph 18
  930. Provisions interpreting preceding paragraphs, and modifying them in certain cases
  931. 19Paragraph 19
  932. 20Paragraph 20
  933. 21Paragraph 21
  934. 22Paragraph 22
  935. Schedule 4
  936. Part I: General Rules and Formats
  937. Chapter Section A: General Rules
  938. 1Paragraph 1
  939. 2Paragraph 2
  940. 3Paragraph 3
  941. 4Paragraph 4
  942. 5Paragraph 5
  943. 5AParagraph 5A
  944. Chapter Section B: The Required Formats for Accounts
  945. Preliminary
  946. 6Paragraph 6
  947. 7Paragraph 7
  948. 8Paragraph 8
  949. Balance Sheet Formats
  950. Balance Sheet Formats
  951. Profit and loss account formats
  952. Profit and loss account formats
  953. Profit and loss account formats
  954. Profit and loss account formats
  955. Part II: Accounting Principles and Rules
  956. Chapter Section A: Accounting Principles
  957. Preliminary
  958. 9Paragraph 9
  959. Accounting principles
  960. 10Paragraph 10
  961. 11Paragraph 11
  962. 12Paragraph 12
  963. 13Paragraph 13
  964. 14Paragraph 14
  965. Departure from the accounting principles
  966. 15Paragraph 15
  967. Chapter Section B: Historical Cost Accounting Rules
  968. Preliminary
  969. 16Paragraph 16
  970. Fixed assets
  971. 17Paragraph 17
  972. 18Paragraph 18
  973. 19Paragraph 19
  974. Rules for determining particular fixed asset items
  975. 20Paragraph 20
  976. 21Paragraph 21
  977. Current assets
  978. 22Paragraph 22
  979. 23Paragraph 23
  980. Miscellaneous and supplementary provisions
  981. 24Paragraph 24
  982. 25Paragraph 25
  983. 26Paragraph 26
  984. 27Paragraph 27
  985. 28Paragraph 28
  986. Chapter Section C: Alternative Accounting Rules
  987. Preliminary
  988. 29Paragraph 29
  989. 30Paragraph 30
  990. Alternative accounting rules
  991. 31Paragraph 31
  992. Application of the depreciation rules
  993. 32Paragraph 32
  994. Additional information to be provided in case of departure from historical cost accounting rules
  995. 33Paragraph 33
  996. Revaluation reserve
  997. 34Paragraph 34
  998. Chapter SECTION D: FAIR VALUE ACCOUNTING
  999. Inclusion of financial instruments at fair value
  1000. 34AParagraph 34A
  1001. Determination of fair value
  1002. 34BParagraph 34B
  1003. Inclusion of hedged items at fair value
  1004. 34CParagraph 34C
  1005. Other assets that may be included at fair value
  1006. 34DParagraph 34D
  1007. Accounting for changes in value
  1008. 34EParagraph 34E
  1009. The fair value reserve
  1010. 34FParagraph 34F
  1011. IIINotes to the Accounts
  1012. 35Paragraph 35
  1013. 35AReserves and dividends
  1014. 36Paragraph 36
  1015. 36AParagraph 36A
  1016. 37Paragraph 37
  1017. 38Paragraph 38
  1018. 39Paragraph 39
  1019. 40Paragraph 40
  1020. 41Paragraph 41
  1021. 42Paragraph 42
  1022. 43Paragraph 43
  1023. 44Paragraph 44
  1024. 45Paragraph 45
  1025. 45AInformation about fair value of assets and liabilities
  1026. 45BParagraph 45B
  1027. 45CParagraph 45C
  1028. 45DInformation where investment property and living animals and plants included at fair value
  1029. 46Paragraph 46
  1030. 47Paragraph 47
  1031. 48Paragraph 48
  1032. 49Paragraph 49
  1033. 50Paragraph 50
  1034. 51Paragraph 51
  1035. 52Paragraph 52
  1036. 53Paragraph 53
  1037. 54Paragraph 54
  1038. 55Paragraph 55
  1039. 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1040. 57Paragraph 57
  1041. 58Paragraph 58
  1042. 58ADormant companies acting as agents
  1043. Part IV: Special Provisions Where Company is a Parent Company or Subsidiary Undertaking
  1044. Dealings with or interests in group undertakings
  1045. 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1046. Guarantees and other financial commitments in favour of group undertakings
  1047. 59AParagraph 59A
  1048. 60—70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1049. Part V: Special Provisions where the Company is an Investment Company
  1050. 71Paragraph 71
  1051. 72Paragraph 72
  1052. 73Paragraph 73
  1053. 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1054. Part VI
  1055. 75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1056. Part VII: Interpretation of Schedule
  1057. 76Paragraph 76
  1058. 76AFinancial instruments
  1059. 76BParagraph 76B
  1060. 77—81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1061. Historical cost accounting rules
  1062. 82Paragraph 82
  1063. 82AInvestment property
  1064. Leases
  1065. 83Paragraph 83
  1066. Listed investments
  1067. 84Paragraph 84
  1068. Loans
  1069. 85Paragraph 85
  1070. Materiality
  1071. 86Paragraph 86
  1072. 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1073. Provisions
  1074. 88Paragraph 88
  1075. 89Paragraph 89
  1076. 90—92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1077. 93Scots land tenure
  1078. Staff costs
  1079. 94Paragraph 94
  1080. 95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1081. Schedule 4A
  1082. General rules
  1083. 1Paragraph 1
  1084. 2Paragraph 2
  1085. 3Paragraph 3
  1086. 4Paragraph 4
  1087. 5Paragraph 5
  1088. Elimination of group transactions
  1089. 6Paragraph 6
  1090. Acquisition and merger accounting
  1091. 7Paragraph 7
  1092. 8Paragraph 8
  1093. 9Paragraph 9
  1094. 10Paragraph 10
  1095. 11Paragraph 11
  1096. 12Paragraph 12
  1097. 13Paragraph 13
  1098. 14Paragraph 14
  1099. 15Paragraph 15
  1100. 16Paragraph 16
  1101. Minority interests
  1102. 17Paragraph 17
  1103. Interests in subsidiary undertakings excluded from consolidation
  1104. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1105. Joint ventures
  1106. 19Paragraph 19
  1107. Associated undertakings
  1108. 20Paragraph 20
  1109. 21Paragraph 21
  1110. 22Paragraph 22
  1111. Schedule 5
  1112. Part I: Companies not Required to Prepare Group Accounts
  1113. Subsidiary undertakings
  1114. 1Paragraph 1
  1115. Holdings in subsidiary undertakings
  1116. 2Paragraph 2
  1117. Financial information about subsidiary undertakings
  1118. 3Paragraph 3
  1119. Financial years of subsidiary undertakings
  1120. 4Paragraph 4
  1121. Further information about subsidiary undertakings
  1122. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1123. Shares and debentures of company held by subsidiary undertakings
  1124. 6Paragraph 6
  1125. Significant holdings in undertakings other than subsidiary undertakings
  1126. 7Paragraph 7
  1127. 8Paragraph 8
  1128. 9Paragraph 9
  1129. 9AMembership of certain undertakings
  1130. Arrangements attracting merger relief
  1131. 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1132. Parent undertaking drawing up accounts for larger group
  1133. 11Paragraph 11
  1134. Identification of ultimate parent company
  1135. 12Paragraph 12
  1136. Constructions of references to shares held by company
  1137. 13Paragraph 13
  1138. Part II: Companies Required to Prepare Group Accounts
  1139. Introductory
  1140. 14Paragraph 14
  1141. Subsidiary undertakings
  1142. 15Paragraph 15
  1143. Holdings in subsidiary undertakings
  1144. 16Paragraph 16
  1145. Financial information about subsidiary undertakings not included in the consolidation
  1146. 17Paragraph 17
  1147. Further information about subsidiary undertakings excluded from consolidation
  1148. 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1149. Financial years of subsidiary undertakings
  1150. 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1151. Shares and debentures of company held by subsidiary undertakings
  1152. 20Paragraph 20
  1153. Joint ventures
  1154. 21Paragraph 21
  1155. Associated undertakings
  1156. 22Paragraph 22
  1157. Other significant holdings of parent company or group
  1158. 23Paragraph 23
  1159. 24Paragraph 24
  1160. 25Paragraph 25
  1161. 26Paragraph 26
  1162. 27Paragraph 27
  1163. 28Paragraph 28
  1164. 28AParent company’s or group’s membership of certain undertakings
  1165. Arrangements attracting merger relief
  1166. 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1167. Parent undertaking drawing up accounts for larger group
  1168. 30Paragraph 30
  1169. Identification of ultimate parent company
  1170. 31Paragraph 31
  1171. Construction of references to shares held by parent company or group
  1172. 32Paragraph 32
  1173. Schedule 6
  1174. Part I: Chairman’s and Directors’ Emoluments, Pensions and Compensation for Loss of Office
  1175. Chapter 1: PROVISIONS APPLYING TO QUOTED AND UNQUOTED COMPANIES
  1176. Aggregate amount of directors’ emoluments etc.
  1177. 1Aggregate amount of directors’ emoluments etc.
  1178. Chapter 2: PROVISIONS APPLYING ONLY TO UNQUOTED COMPANIES
  1179. Details of highest paid director’s emoluments etc.
  1180. 2Paragraph 2
  1181. Pensions of directors and past directors
  1182. 7Excess retirement benefits of directors and past directors
  1183. Compensation to directors for loss of office
  1184. 8Paragraph 8
  1185. Sums paid to third parties in respect of directors’ services
  1186. 9Paragraph 9
  1187. Supplementary
  1188. 10Paragraph 10
  1189. 11Paragraph 11
  1190. 12Paragraph 12
  1191. Interpretation
  1192. 13Paragraph 13
  1193. Supplementary
  1194. 14Paragraph 14
  1195. Details of chairman’s and directors’ emoluments
  1196. 3Paragraph 3
  1197. 5Paragraph 5
  1198. Emoluments waived
  1199. 6Paragraph 6
  1200. Part II: Loans, Quasi-loans and Other Dealings in Favour of Directors
  1201. 15Paragraph 15
  1202. 16Paragraph 16
  1203. 17Paragraph 17
  1204. 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1205. 18Paragraph 18
  1206. 19Paragraph 19
  1207. 20Paragraph 20
  1208. 21Paragraph 21
  1209. The particulars required by this Part
  1210. 22Paragraph 22
  1211. 23Paragraph 23
  1212. Excluded transactions
  1213. 24Paragraph 24
  1214. 25Paragraph 25
  1215. 26Paragraph 26
  1216. Interpretation
  1217. 27Paragraph 27
  1218. Part III: Other Transactions, Arrangements and Agreements
  1219. 28Paragraph 28
  1220. 29Paragraph 29
  1221. 30Paragraph 30
  1222. 18—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1223. Schedule 7
  1224. Part I: Matters of a General Nature
  1225. Asset values
  1226. 1Paragraph 1
  1227. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1228. 2A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1229. 2B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1230. Political donations and expenditure
  1231. 3Paragraph 3
  1232. 4Paragraph 4
  1233. Charitable donations
  1234. 5Paragraph 5
  1235. 5AFinancial instruments
  1236. Miscellaneous
  1237. 6Paragraph 6
  1238. Part II: Disclosure Required by Company Acquiring its Own Shares, etc.
  1239. 7Paragraph 7
  1240. 8Paragraph 8
  1241. Part III: Disclosure Concerning Employment, etc, of Disabled Persons
  1242. 9Paragraph 9
  1243. Part IV
  1244. 10Paragraph 10
  1245. Part V: Employee Involvement
  1246. 11Paragraph 11
  1247. Part VI
  1248. 12Policy and practice on payment of creditors
  1249. Part 7: Disclosure required by certain publicly-traded companies
  1250. 13Paragraph 13
  1251. Schedule 7ZA
  1252. Review objective
  1253. 1Paragraph 1
  1254. Other general requirements
  1255. 2Paragraph 2
  1256. Details of particular matters
  1257. 3Paragraph 3
  1258. 4Paragraph 4
  1259. 5Paragraph 5
  1260. 6Paragraph 6
  1261. Reference to and explanation of company's accounts
  1262. 7Paragraph 7
  1263. Compliance with standards
  1264. 8Paragraph 8
  1265. Application of Schedule to group operating and financial review
  1266. 9Paragraph 9
  1267. Schedule 7A
  1268. Part 1: INTRODUCTORY
  1269. 1Paragraph 1
  1270. Part 2: INFORMATION NOT SUBJECT TO AUDIT
  1271. 2Consideration by the directors of matters relating to directors’ remuneration
  1272. 3Statement of company’s policy on directors’ remuneration
  1273. 4Performance Graph
  1274. 5Service contracts
  1275. Part 3: INFORMATION SUBJECT TO AUDIT
  1276. 6Amount of each director’s emoluments and compensation in the relevant financial year
  1277. 7Share options
  1278. 8Paragraph 8
  1279. 9Paragraph 9
  1280. 10Long term incentive schemes
  1281. 11Paragraph 11
  1282. 12Pensions
  1283. 13Excess retirement benefits of directors and past directors
  1284. 14Compensation for past directors
  1285. 15Sums paid to third parties in respect of a director’s services
  1286. Part 4: INTERPRETATION AND SUPPLEMENTARY
  1287. 16Paragraph 16
  1288. 17Paragraph 17
  1289. 18Paragraph 18
  1290. 19Paragraph 19
  1291. 20Paragraph 20
  1292. 21Paragraph 21
  1293. Schedule 7B
  1294. Part 1: Specified persons
  1295. 1Paragraph 1
  1296. 2Paragraph 2
  1297. 3Paragraph 3
  1298. 4Paragraph 4
  1299. 5Paragraph 5
  1300. 6Paragraph 6
  1301. Part 2: Specified descriptions of disclosures
  1302. 7Paragraph 7
  1303. 8Paragraph 8
  1304. 9Paragraph 9
  1305. 10Paragraph 10
  1306. 11Paragraph 11
  1307. 12Paragraph 12
  1308. 13Paragraph 13
  1309. 14Paragraph 14
  1310. Part 3: Overseas regulatory bodies
  1311. 15Paragraph 15
  1312. 16Paragraph 16
  1313. 17Paragraph 17
  1314. Schedule 8
  1315. IEXEMPTIONS WITH RESPECT TO PREPARATION OF ANNUAL ACCOUNTS OF SMALL COMPANIES
  1316. Part SECTION A: INDIVIDUAL ACCOUNTS
  1317. Part SECTION B: GROUP ACCOUNTS
  1318. Part SECTION C: SUPPLEMENTARY PROVISIONS
  1319. Part II: EXEMPTIONS WITH RESPECT TO DIRECTORS’ REPORT
  1320. Part III: EXEMPTIONS WITH RESPECT TO DELIVERY OF ACCOUNTS
  1321. Chapter Section C: Supplementary Provisions
  1322. Other companies exempt from audit
  1323. 25AParagraph 25A
  1324. Part I: GENERAL RULES AND FORMATS
  1325. Chapter Section A: General Rules
  1326. 1Paragraph 1
  1327. 2Paragraph 2
  1328. 3Paragraph 3
  1329. 4Paragraph 4
  1330. 5Paragraph 5
  1331. 5AParagraph 5A
  1332. Chapter Section B: The Required Formats for Accounts
  1333. Preliminary
  1334. 6Paragraph 6
  1335. 7Paragraph 7
  1336. 8Paragraph 8
  1337. Balance Sheet Formats
  1338. AParagraph A
  1339. CParagraph C
  1340. DParagraph D
  1341. EParagraph E
  1342. FParagraph F
  1343. GParagraph G
  1344. HParagraph H
  1345. IParagraph I
  1346. JParagraph J
  1347. KParagraph K
  1348. Balance Sheet Formats
  1349. AASSETS
  1350. CParagraph C
  1351. DParagraph D
  1352. ALIABILITIES
  1353. BParagraph B
  1354. CParagraph C
  1355. DParagraph D
  1356. Notes on the balance sheet formats
  1357. Profit and loss account formats
  1358. Profit and loss account formats
  1359. Profit and loss account formats
  1360. A. Charges
  1361. B. Income
  1362. Profit and loss account formats
  1363. A. Charges
  1364. B. Income
  1365. Notes on the profit and loss account formats
  1366. Part II: ACCOUNTING PRINCIPLES AND RULES
  1367. Chapter Section A: Accounting Principles
  1368. Preliminary
  1369. 9Paragraph 9
  1370. Accounting principles
  1371. 10Paragraph 10
  1372. 11Paragraph 11
  1373. 12Paragraph 12
  1374. 13Paragraph 13
  1375. 14Paragraph 14
  1376. Departure from the accounting principles
  1377. 15Paragraph 15
  1378. Chapter Section B: Historical Cost Accounting Rules
  1379. Preliminary
  1380. 16Paragraph 16
  1381. Fixed assets
  1382. 17Paragraph 17
  1383. 18Paragraph 18
  1384. 19Paragraph 19
  1385. Rules for determining particular fixed asset items
  1386. 20Paragraph 20
  1387. 21Paragraph 21
  1388. Current assets
  1389. 22Paragraph 22
  1390. 23Paragraph 23
  1391. Miscellaneous and supplementary provisions
  1392. 24Paragraph 24
  1393. Assets included at a fixed amount
  1394. 25Paragraph 25
  1395. Determination of purchase price or production cost
  1396. 26Paragraph 26
  1397. 27Paragraph 27
  1398. Substitution of original stated amount where price or cost unknown
  1399. 28Paragraph 28
  1400. Chapter Section C: Alternative Accounting Rules
  1401. Preliminary
  1402. 29Paragraph 29
  1403. 30Paragraph 30
  1404. Alternative accounting rules
  1405. 31Paragraph 31
  1406. Application of the depreciation rules
  1407. 32Paragraph 32
  1408. Additional information to be provided in case of departure from historical cost accounting rules
  1409. 33Paragraph 33
  1410. Revaluation reserve
  1411. 34Paragraph 34
  1412. Chapter SECTION D: FAIR VALUE ACCOUNTING
  1413. Inclusion of financial instruments at fair value
  1414. 34AParagraph 34A
  1415. Determination of fair value
  1416. 34BParagraph 34B
  1417. Inclusion of hedged items at fair value
  1418. 34CParagraph 34C
  1419. Other assets that may be included at fair value
  1420. 34DParagraph 34D
  1421. Accounting for changes in value
  1422. 34EParagraph 34E
  1423. The fair value reserve
  1424. 34FParagraph 34F
  1425. Part III: NOTES TO THE ACCOUNTS
  1426. Preliminary
  1427. 35Paragraph 35
  1428. 35AReserves and dividends
  1429. Disclosure of accounting policies
  1430. 36Paragraph 36
  1431. Information supplementing the balance sheet
  1432. 37Paragraph 37
  1433. Share capital and debentures
  1434. 38Paragraph 38
  1435. 39Paragraph 39
  1436. Fixed assets
  1437. 40Paragraph 40
  1438. 41Paragraph 41
  1439. Investments
  1440. 42Paragraph 42
  1441. 42AInformation about fair value of assets and liabilities
  1442. 42BParagraph 42B
  1443. 42CInformation where investment property and living animals and plants included at fair value
  1444. Reserves and provisions
  1445. 43Paragraph 43
  1446. Details of indebtedness
  1447. 44Paragraph 44
  1448. 45Paragraph 45
  1449. Guarantees and other financial commitments
  1450. 46Paragraph 46
  1451. Miscellaneous matters
  1452. 47Paragraph 47
  1453. Information supplementing the profit and loss account
  1454. 48Paragraph 48
  1455. Particulars of turnover
  1456. 49Paragraph 49
  1457. Miscellaneous matters
  1458. 50Paragraph 50
  1459. General
  1460. 51Paragraph 51
  1461. Dormant companies acting as agents
  1462. 51AParagraph 51A
  1463. Part IV: INTERPRETATION OF SCHEDULE
  1464. 52Paragraph 52
  1465. 52AFinancial instruments
  1466. 52BParagraph 52B
  1467. Historical cost accounting rules
  1468. 53Paragraph 53
  1469. 53AInvestment property
  1470. Listed investments
  1471. 54Paragraph 54
  1472. Loans
  1473. 55Paragraph 55
  1474. Materiality
  1475. 56Paragraph 56
  1476. Provisions
  1477. 57Paragraph 57
  1478. 58Paragraph 58
  1479. Staff costs
  1480. 59Paragraph 59
  1481. Schedule 8A
  1482. Part I: BALANCE SHEET FORMATS
  1483. 1Paragraph 1
  1484. 2Paragraph 2
  1485. Balance Sheet Formats
  1486. AParagraph A
  1487. CParagraph C
  1488. DParagraph D
  1489. EParagraph E
  1490. FParagraph F
  1491. GParagraph G
  1492. HParagraph H
  1493. IParagraph I
  1494. JParagraph J
  1495. KParagraph K
  1496. Balance Sheet Formats
  1497. AASSETS
  1498. CParagraph C
  1499. DParagraph D
  1500. ALIABILITIES
  1501. BParagraph B
  1502. CParagraph C
  1503. DParagraph D
  1504. Notes on the balance sheet formats
  1505. Part II: NOTES TO THE ACCOUNTS
  1506. Preliminary
  1507. 3Paragraph 3
  1508. Disclosure of accounting policies
  1509. 4Paragraph 4
  1510. Information supplementing the balance sheet
  1511. 5Paragraph 5
  1512. 6Paragraph 6
  1513. Fixed assets
  1514. 7Paragraph 7
  1515. 7AFinancial fixed assets
  1516. Details of indebtedness
  1517. 8Paragraph 8
  1518. 9General
  1519. 9ADormant companies acting as agents
  1520. Schedule 9
  1521. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1522. Part I: Form and Content of Accounts
  1523. Supplementary provisions
  1524. 18AParagraph 18A
  1525. 18BParagraph 18B
  1526. 18CParagraph 18C
  1527. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1528. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1529. Exceptions for certain companies
  1530. 28AParagraph 28A
  1531. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1532. Part: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1533. Part II: Accounts of Banking or Insurance Group
  1534. Part I: INDIVIDUAL ACCOUNTS
  1535. Chapter 1: GENERAL RULES AND FORMATS
  1536. GENERAL RULES
  1537. 4Paragraph 4
  1538. 5Paragraph 5
  1539. 6Paragraph 6
  1540. 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1541. 8AParagraph 8A
  1542. THE REQUIRED FORMATS FOR ACCOUNTS
  1543. Preliminary
  1544. 9Paragraph 9
  1545. 10Paragraph 10
  1546. Balance Sheet Format
  1547. Notes on the balance sheet format and memorandum items
  1548. Special rules
  1549. 11Subordinated assets
  1550. 12Syndicated loans
  1551. 13Sale and repurchase transactions
  1552. 14Sale and option to resell transactions
  1553. 15Managed funds
  1554. Profit and Loss Account Formats
  1555. FORMAT 1
  1556. Vertical layout
  1557. FORMAT 2
  1558. Horizontal layout
  1559. A. Charges
  1560. Notes on the profit and loss account formats
  1561. Chapter II: ACCOUNTING PRINCIPLES AND RULES
  1562. ACCOUNTING PRINCIPLES
  1564. 16Paragraph 16
  1565. Accounting principles
  1566. 17Paragraph 17
  1567. 18Paragraph 18
  1568. 19Paragraph 19
  1569. 20Paragraph 20
  1570. 21Paragraph 21
  1571. Departure from the accounting principles
  1572. 22Paragraph 22
  1573. VALUATION RULES
  1574. Preliminary
  1575. 23Paragraph 23
  1576. Fixed assets
  1577. 24General rules
  1578. 25Paragraph 25
  1579. 26Paragraph 26
  1580. 27Development costs
  1581. 28Goodwill
  1582. 29Intangible and tangible fixed assets
  1583. 30Other fixed assets
  1584. 31Financial fixed assets
  1585. Current assets
  1586. 32Paragraph 32
  1587. 33Paragraph 33
  1588. 34Paragraph 34
  1589. Miscellaneous and supplementary provisions
  1590. 35Excess of money owed over value received as an asset item
  1591. 36Determination of cost
  1592. 37Paragraph 37
  1593. 38Substitution of original amount where price or cost unknown
  1594. ALTERNATIVE ACCOUNTING RULES
  1595. Preliminary
  1596. 39Paragraph 39
  1597. 40Paragraph 40
  1598. Alternative accounting rules
  1599. 41Paragraph 41
  1600. Application of the depreciation rules
  1601. 42Paragraph 42
  1602. Additional information to be provided in case of departure from historical cost accounting rules
  1603. 43Paragraph 43
  1604. Revaluation reserve
  1605. 44Paragraph 44
  1606. FAIR VALUE ACCOUNTING
  1607. Inclusion of financial instruments at fair value
  1608. 44AParagraph 44A
  1609. Determination of fair value
  1610. 44BParagraph 44B
  1611. Inclusion of hedged items at fair value
  1612. 44CParagraph 44C
  1613. Other assets that may be included at fair value
  1614. 44DParagraph 44D
  1615. Accounting for changes in value
  1616. 44EParagraph 44E
  1617. The fair value reserve
  1618. 44FParagraph 44F
  1619. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
  1620. 45Paragraph 45
  1621. 46Paragraph 46
  1622. Chapter III: NOTES TO THE ACCOUNTS
  1624. Preliminary
  1625. 47Paragraph 47
  1626. General
  1627. 48Disclosure of accounting policies
  1628. 49Paragraph 49
  1629. 50Sums denominated in foreign currencies
  1630. 50AReserves and dividends
  1631. Information supplementing the balance sheet
  1632. 51Share capital and debentures
  1633. 52Paragraph 52
  1634. 53Paragraph 53
  1635. 54Paragraph 54
  1636. 55Fixed assets
  1637. 56Paragraph 56
  1638. 57Paragraph 57
  1639. 58Paragraph 58
  1640. 58AInformation about fair value of assets and liabilities
  1641. 58BParagraph 58B
  1642. 58CParagraph 58C
  1643. 58DInformation where investment property and living animals and plants included at fair value
  1644. 59Reserves and provisions
  1645. 60Provision for taxation
  1646. 61Maturity analysis
  1647. 62Debt and other fixed income securities
  1648. 63Subordinated liabilities
  1649. 64Fixed cumulative dividends
  1650. 65Details of assets charged
  1651. 66Guarantees and other financial commitments
  1652. 67Memorandum items: Group undertakings
  1653. 68Transferable securities
  1654. 69Leasing transactions
  1655. 70Assets and liabilities denominated in a currency other than sterling (or the currency in which the accounts are drawn up)
  1656. 71Sundry assets and liabilities
  1657. 72Unmatured forward transactions
  1658. 73Miscellaneous matters
  1659. Information supplementing the profit and loss account
  1660. 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1661. 75Particulars of tax
  1662. 76Particulars of income
  1663. 77Particulars of staff Repealed
  1664. 78Management and agency services
  1665. 79Subordinated liabilities
  1666. 80Sundry income and charges
  1667. 81Miscellaneous matters
  1668. Chapter IV: INTERPRETATION OF PART I
  1669. 82General
  1670. 82AFinancial instruments
  1671. 82BParagraph 82B
  1672. 83Loans
  1673. 84Materiality
  1674. 85Provisions
  1675. 86Scots land tenure
  1676. 87Staff costs
  1677. Part II: CONSOLIDATED ACCOUNTS
  1678. 1Undertakings to be included in consolidation Repealed
  1679. 5Foreign currency translation
  1680. 6Paragraph 6
  1681. 7Information as to undertaking in which shares held as a result of financial assistance operation
  1682. Part III
  1683. Part III: ADDITIONAL DISCLOSURE: RELATED UNDERTAKINGS
  1684. Part IV: Additional Disclosure: Emoluments and Other Benefits of Directors and Others
  1685. Loans, quasi-loans and other dealings
  1686. 2Paragraph 2
  1687. Other transactions, arrangements and agreements
  1688. 3Paragraph 3
  1689. Schedule 9A
  1690. Part I: Individual Accounts
  1691. Chapter I: General Rules and Formats
  1692. General Rules
  1693. 2Paragraph 2
  1694. 3Paragraph 3
  1695. 4Paragraph 4
  1696. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1697. 6Paragraph 6
  1698. 6AParagraph 6A
  1699. The Required Formats for Accounts
  1700. Preliminary
  1701. 7Paragraph 7
  1702. 8Paragraph 8
  1703. 9Paragraph 9
  1704. Balance Sheet Format
  1705. ASSETS
  1706. LIABILITIES
  1707. Notes on the balance sheet format
  1708. Special rules for balance sheet format
  1709. 10Additional items
  1710. 11Managed funds
  1711. 12Deferred acquisition costs
  1712. Profit and loss account format
  1713. IParagraph I
  1714. IIParagraph II
  1715. IIIParagraph III
  1716. Notes on the profit and loss account format
  1717. Chapter II: Accounting Principles and Rules
  1718. Accounting Principles
  1719. Preliminary
  1720. 13Paragraph 13
  1721. Accounting principles
  1722. 14Paragraph 14
  1723. 15Paragraph 15
  1724. 16Paragraph 16
  1725. 17Paragraph 17
  1726. 18Paragraph 18
  1727. Departure from accounting principles
  1728. 19Paragraph 19
  1729. 19AValuation
  1730. Current Value Accounting Rules
  1731. Preliminary
  1732. 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1733. 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1734. Valuation of assets: general
  1735. 22Paragraph 22
  1736. 23Paragraph 23
  1737. Alternative valuation of fixed-income securities
  1738. 24Paragraph 24
  1739. Meaning of “current value”
  1740. 25Paragraph 25
  1741. 26Paragraph 26
  1742. Application of the depreciation rules
  1743. 27Paragraph 27
  1744. Additional information to be provided
  1745. 28Paragraph 28
  1746. Revaluation reserve
  1747. 29Paragraph 29
  1749. VALUATION AT FAIR VALUE
  1750. 29AInclusion of financial instruments at fair value
  1751. 29BDetermination of fair value
  1752. 29CInclusion of hedged items at fair value
  1753. 29DOther assets that may be included at fair value
  1754. 29EAccounting for changes in value
  1755. 29FThe fair value reserve
  1756. Historical Cost Accounting Rules
  1757. Preliminary
  1758. 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1759. Valuation of assets
  1760. 31General rules
  1761. 32Paragraph 32
  1762. 33Paragraph 33
  1763. 34Paragraph 34
  1764. 35Development costs
  1765. 36Goodwill
  1766. Miscellaneous and supplemental
  1767. 37Excess of money owed over value received as an asset item
  1768. 38Assets included at a fixed amount
  1769. 39Determination of cost
  1770. 40Paragraph 40
  1771. 41Substitution of original amount where price or cost unknown
  1772. Rules for Determining Provisions
  1773. 42Preliminary
  1774. 43Technical provisions
  1775. 44Provision for unearned premiums
  1776. 45Provision for unexpired risks
  1777. 46Long term business provision
  1778. Provisions for claims outstanding
  1779. 47General business
  1780. 48Paragraph 48
  1781. 49Long term business
  1782. 50Equalisation reserves
  1783. 51Accounting on a non-annual basis
  1784. 52Paragraph 52
  1785. 53Paragraph 53
  1786. Chapter iii: Notes to the Accounts
  1787. Preliminary
  1788. 54Paragraph 54
  1789. General
  1790. 55Disclosure of accounting policies
  1791. 56Paragraph 56
  1792. 57Sums denominated in foreign currencies
  1793. 57AReserves and dividends
  1794. Information supplementing the balance sheet
  1795. 58Share capital and debentures
  1796. 59Paragraph 59
  1797. 60Paragraph 60
  1798. 61Paragraph 61
  1799. 62Assets
  1800. 63Paragraph 63
  1801. 64Paragraph 64
  1802. 65Investments
  1803. 65AInformation about fair value of assets and liabilities
  1804. 65BParagraph 65B
  1805. 65CParagraph 65C
  1806. 65DInformation where investment property and living animals and plants included at fair value
  1807. 66Reserves and provisions
  1808. 67Provision for taxation
  1809. 68Details of indebtedness
  1810. 69Paragraph 69
  1811. 70Guarantees and other financial commitments
  1812. 71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  1813. 72Miscellaneous matters
  1814. Information supplementing the profit and loss account
  1815. 73Separate statement of certain items of income and expenditure
  1816. 74Particulars of tax
  1817. 75Particulars of business
  1818. 76Paragraph 76
  1819. 77Paragraph 77
  1820. 78Commissions
  1821. 79Particulars of staff Repealed
  1822. 80Miscellaneous matters
  1823. Chapter IV: Interpretation of Part I
  1824. 81General
  1825. 81AFinancial instruments
  1826. 81BParagraph 81B
  1827. 82Loans
  1828. 83Materiality
  1829. 84Provisions
  1830. 85Scots land tenure
  1831. 86Staff costs
  1832. Part II: Consolidated Accounts
  1833. Chapter: Schedule 4A to apply Part I of this Schedule with modifications
  1834. 1Paragraph 1
  1835. Chapter: Modifications of Part I of this Schedule for purposes of paragraph 1
  1836. 2Paragraph 2
  1837. Schedule 10
  1838. Recent issues
  1839. 1Paragraph 1
  1840. Turnover and profitability
  1841. 2Paragraph 2
  1842. Labour force and wages paid
  1843. 3Paragraph 3
  1844. Schedule 10A
  1845. Introduction
  1846. 1Paragraph 1
  1847. Voting rights in an undertaking
  1848. 2Paragraph 2
  1849. Right to appoint or remove a majority of the directors
  1850. 3Paragraph 3
  1851. Right to exercise dominant influence
  1852. 4Paragraph 4
  1853. Rights exercisable only in certain circumstances or temporarily incapable of exercise
  1854. 5Paragraph 5
  1855. Rights held by one person on behalf of another
  1856. 6Paragraph 6
  1857. 7Paragraph 7
  1858. Rights attached to shares held by way of security
  1859. 8Paragraph 8
  1860. Rights attributed to parent undertaking
  1861. 9Paragraph 9
  1862. Disregard of certain rights
  1863. 10Paragraph 10
  1864. Supplementary
  1865. 11Paragraph 11
  1866. Schedule 11
  1867. 1Paragraph 1
  1868. Modifications where accounts prepared in accordance with special provisions for banking companies
  1869. 2Paragraph 2
  1870. 3Paragraph 3
  1871. 4Paragraph 4
  1872. 5Paragraph 5
  1873. 6Paragraph 6
  1874. Modifications where accounts prepared in accordance with special provisions for insurance companies
  1875. 7Paragraph 7
  1876. 8Paragraph 8
  1877. 9Paragraph 9
  1878. 10Paragraph 10
  1879. 11Paragraph 11
  1880. 12Paragraph 12
  1881. 13Paragraph 13
  1882. Schedule 12. . .
  1883. Schedule 13: Provisions Supplementing and Interpreting Sections 324 to 328
  1884. Part I
  1885. 1Paragraph 1
  1886. 2Paragraph 2
  1887. 3Paragraph 3
  1888. 4Paragraph 4
  1889. 5Paragraph 5
  1890. 6Paragraph 6
  1891. 7Paragraph 7
  1892. 8Paragraph 8
  1893. 9Paragraph 9
  1894. 10Paragraph 10
  1895. 11Paragraph 11
  1896. 12Paragraph 12
  1897. 13Paragraph 13
  1898. Part II
  1899. 14Paragraph 14
  1900. 15Paragraph 15
  1901. 16Paragraph 16
  1902. Part III
  1903. 17Paragraph 17
  1904. 18Paragraph 18
  1905. 19Paragraph 19
  1906. 20Paragraph 20
  1907. Part IV
  1908. 21Paragraph 21
  1909. 22Paragraph 22
  1910. 23Paragraph 23
  1911. 24Paragraph 24
  1912. 25Paragraph 25
  1913. 26Paragraph 26
  1914. 27Paragraph 27
  1915. 28Paragraph 28
  1916. 29Paragraph 29
  1917. Schedule 14
  1918. ICountries and Territories in Which Overseas Branch Register May be Kept
  1919. Part II: General Provisions With Respect to Overseas Branch Registers
  1920. 1Paragraph 1
  1921. 2Paragraph 2
  1922. 3Paragraph 3
  1923. 4Paragraph 4
  1924. 5Paragraph 5
  1925. 6Paragraph 6
  1926. 7Paragraph 7
  1927. 8Paragraph 8
  1928. Part III: Provisions for Branch Registers of Oversea Companies to be Kept in Great Britain
  1929. 9Paragraph 9
  1930. Schedule 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  1931. Schedule 15A
  1932. Part I: Exceptions
  1933. 1Paragraph 1
  1934. Part II: Adaptation of Procedural Requirements
  1935. Introductory
  1936. 2Paragraph 2
  1937. Section 95 (disapplication of pre-emption rights)
  1938. 3Paragraph 3
  1939. Section 155 (financial assistance for purchase of company’s own shares or those of holding company)
  1940. 4Paragraph 4
  1941. Sections 164, 165 and 167 (authority for off-market purchase or contingent purchase contract of company’s own shares)
  1942. 5Paragraph 5
  1943. Section 173 (approval for payment out of capital)
  1944. 6Paragraph 6
  1945. Section 319 (approval of director’s service contract)
  1946. 7Paragraph 7
  1947. Section 337 (funding of director’s expenditure in performing his duties)
  1948. 8Paragraph 8
  1949. Schedule 15B
  1950. 1Meeting of transferee company
  1951. 2Draft terms of merger
  1952. 3Documents and information to be made available
  1953. 4Directors’ report
  1954. 5Expert’s report
  1955. 6Inspection of documents
  1956. 7Transferor company holding its own shares
  1957. 8Securities other than shares to which special rights are attached
  1958. 9Date and consequences of the compromise or arrangement
  1959. 10Exceptions
  1960. 11Paragraph 11
  1961. Transferee company or companies holding shares in the transferor company
  1962. 12Paragraph 12
  1963. 13Paragraph 13
  1964. 14Paragraph 14
  1965. 15Liability of transferee companies for the default of another
  1966. Schedule 15C: Specified persons
  1967. 1Paragraph 1
  1968. 2Paragraph 2
  1969. 3Paragraph 3
  1970. 3AParagraph 3A
  1971. 4Paragraph 4
  1972. 5Paragraph 5
  1973. 6Paragraph 6
  1974. 6AParagraph 6A
  1975. 7Paragraph 7
  1976. 7AParagraph 7A
  1977. 7BParagraph 7B
  1978. 7CParagraph 7C
  1979. 7DParagraph 7D Repealed
  1980. 8Paragraph 8
  1981. 9Paragraph 9
  1982. 10Paragraph 10
  1983. Schedule 15D: Disclosures
  1984. 1Paragraph 1
  1985. 2Paragraph 2
  1986. 3Paragraph 3
  1987. 4Paragraph 4
  1988. 5Paragraph 5
  1989. 6Paragraph 6
  1990. 7Paragraph 7
  1991. 8Paragraph 8
  1992. 9Paragraph 9
  1993. 10Paragraph 10
  1994. 11Paragraph 11
  1995. 12Paragraph 12
  1996. 13Paragraph 13
  1997. 13AParagraph 13A
  1998. 14Paragraph 14
  1999. 15Paragraph 15
  2000. 16Paragraph 16
  2001. 17Paragraph 17
  2002. 18Paragraph 18 Repealed
  2003. 19Paragraph 19
  2004. 20Paragraph 20
  2005. 21Paragraph 21
  2006. 22Paragraph 22
  2007. 23Paragraph 23
  2008. 24Paragraph 24
  2009. 25Paragraph 25
  2010. 26Paragraph 26
  2011. 27Paragraph 27
  2012. 27AParagraph 27A
  2013. 28Paragraph 28
  2014. 29Paragraph 29 Repealed
  2015. 30Paragraph 30
  2016. 31Paragraph 31
  2017. 32Paragraph 32
  2018. 33Paragraph 33
  2019. 34Paragraph 34
  2020. 35Paragraph 35
  2021. 36Paragraph 36
  2022. 37Paragraph 37 Repealed
  2023. 38Paragraph 38
  2024. 39Paragraph 39
  2025. 40Paragraph 40
  2026. 41Paragraph 41
  2027. 42Paragraph 42
  2028. 43Paragraph 43
  2029. 44Paragraph 44
  2030. 44AParagraph 44A
  2031. 45Paragraph 45
  2032. 46Paragraph 46
  2033. 47Paragraph 47
  2034. 48Paragraph 48
  2035. 49Paragraph 49
  2036. 50Paragraph 50 Repealed
  2037. Schedule 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  2038. Schedule S 17–19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  2039. Schedule 20
  2040. I. . .
  2041. Part II: Crown Disclaimer under section 656
  2042. 5Paragraph 5
  2043. 6Paragraph 6
  2044. 7Paragraph 7
  2045. 8Paragraph 8
  2046. 9Paragraph 9
  2047. Schedule 21
  2048. Interpretation
  2049. 1Paragraph 1
  2050. Vesting of property
  2051. 2Paragraph 2
  2052. Existing liabilities
  2053. 3Paragraph 3
  2054. Pending actions at law
  2055. 4Paragraph 4
  2056. The company’s constitution
  2057. 5Paragraph 5
  2058. 6Paragraph 6
  2059. Capital structure
  2060. 7Paragraph 7
  2061. Supplementary
  2062. 8Paragraph 8
  2063. 9Paragraph 9
  2064. Schedule 21A
  2065. 1Duty to register
  2066. 2Particulars required
  2067. 3Paragraph 3
  2068. 4Paragraph 4
  2069. 4AParagraph 4A
  2070. 5Documents required
  2071. 6Paragraph 6
  2072. 7Alterations
  2073. 8Paragraph 8
  2074. 9Paragraph 9
  2075. Schedule 21B
  2076. 1Paragraph 1
  2077. 2Paragraph 2
  2078. Schedule 21C
  2079. Part I: Institutions required to prepare accounts under parent law
  2080. 1Scope of Part and Interpretation
  2081. 2Duty to deliver copies in Great Britain
  2082. 3Paragraph 3
  2083. 4Paragraph 4
  2084. 5Paragraph 5
  2085. 6Registrar to whom documents to be delivered
  2086. 7Penalty for non-compliance
  2087. 8Interpretation
  2088. Part II: INSTITUTIONS NOT REQUIRED TO PREPARE ACCOUNTS UNDER PARENT LAW
  2089. 9Scope of Part and Interpretation
  2090. 10Preparation of accounts and reports
  2091. 11Paragraph 11
  2092. 12Duty to deliver accounts and reports
  2093. 13Time for delivery
  2094. 14Registrar to whom documents to be delivered
  2095. 15Penalty for non-compliance
  2096. Schedule 21D
  2097. Part I: COMPANIES REQUIRED TO MAKE DISCLOSURE UNDER PARENT LAW
  2098. 1Scope of Part
  2099. 2Duty to deliver copies in Great Britain
  2100. 3Paragraph 3
  2101. 4Time for delivery
  2102. 5Penalty for non-compliance
  2103. 6Interpretation
  2104. Part II: COMPANIES NOT REQUIRED TO MAKE DISCLOSURE UNDER PARENT LAW
  2105. 7Scope of Part
  2106. 8Preparation of accounts and reports
  2107. 9Paragraph 9
  2108. 10Duty to deliver accounts and reports
  2109. 11Paragraph 11
  2110. 12Time for delivery
  2111. 13Penalty for non-compliance
  2112. Schedule 22Schedule 22
  2113. Schedule 23Schedule 23
  2114. Schedule 24Schedule 24
  2115. Schedule 25
  2116. 38Relief from section 56 in respect of group reconstructions.