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The Overseas Companies Regulations 2009

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2009, ISBN 9780111479476

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Order laid before Parliament under sections 1046(8), 1051(5), 1053(6), 1290, 1292(4) and 1294(6) of the Companies Act 2006, for approval by resolution of each House of Parliament.

Companies

Made 0000

Coming into force 1st October 2009

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 1046(1), (2) and (4) to (6), 1047(1), 1049(1) to (3), 1050(3) to (5), 1051(1) to (3), 1053(2) to (5), 1054(1) and (2), 1055, 1056, 1058(1) to (3), 1078(5), 1105(1) and (2), 1140(2), 1292 (1) and (4), and 1294 of the Companies Act 2006f1.

In accordance with sections 1046(8), 1051(5), 1053(6), 1290, 1292(4) and 1294(6) of that Act, a draft of this instrument was laid before Parliament and approved by each House of Parliament.

Annotations to the whole text

Footnotes

f1

2006 c.46.

Contents

  1. Part 1: INTRODUCTION
  2. 1Citation and commencement
  3. 2Interpretation
  4. Part 2: INITIAL REGISTRATION OF PARTICULARS
  5. 3Application and interpretation of Part
  6. 4Duty to deliver return and documents
  7. 5Particulars to be included in return
  8. 6Particulars of the company
  9. 7Particulars of the establishment
  10. 8Documents to be delivered with the return: copy of company’s constitution
  11. 9Documents to be delivered with the return: copies of accounting documents
  12. 10Statement as to future manner of compliance with accounting requirements
  13. 11Penalty for non-compliance
  14. Part 3: ALTERATION IN REGISTERED PARTICULARS
  15. 12Application of Part
  16. 13Return of alteration in registered particulars
  17. 14Return of alteration in company’s constitution
  18. 15Return of alteration as regards filing of certified copy of constitution
  19. 16Return of alteration of manner of compliance with accounting requirements
  20. 17Penalty for non-compliance
  21. Part 4: USUAL RESIDENTIAL ADDRESSES: PROTECTION FROM DISCLOSURE
  22. 18Application and interpretation of Part
  23. 19Protected information
  24. 20Protected information: restriction on use or disclosure by company
  25. 21Protected information: restriction on use or disclosure by registrar
  26. 22Permitted use of protected information by the registrar: communication
  27. 23Permitted disclosure by the registrar: disclosure to specified public authority
  28. 24Permitted disclosure by the registrar: disclosure to credit reference agency
  29. 25Application to prevent disclosure to credit reference agency
  30. 26Disclosure under court order
  31. 27Circumstances in which registrar may put address on the public record
  32. 28Putting the address on the public record
  33. 29Penalty for non-compliance
  34. Part 5: DELIVERY OF ACCOUNTING DOCUMENTS: GENERAL
  35. Chapter 1: Introductory provisions
  36. 30Application of Part
  37. Chapter 2: Companies required to prepare and disclose accounts under parent law
  38. 31Application and interpretation of Chapter
  39. 32Duty to file copies of accounting documents disclosed under parent law
  40. 33Statement of details of parent law and other information
  41. 34Period allowed for filing copies of accounting documents
  42. 35Penalty for non-compliance
  43. Chapter 3: Companies not required to prepare and disclose accounts under parent law
  44. 36Application of Chapter
  45. 37A company’s financial year
  46. 38Duty to prepare accounts
  47. 39Approval and signing of accounts
  48. 40Duty to file accounts
  49. 41Penalty for non-compliance
  50. 42Supplementary provisions
  51. Part 6: DELIVERY OF ACCOUNTING DOCUMENTS: CREDIT OR FINANCIAL INSTITUTIONS
  52. Chapter 1: Introductory provisions
  53. 43Application and interpretation of Part
  54. Chapter 2: Institutions required to prepare accounts under parent law
  55. 44Application and interpretation of Chapter
  56. 45Initial filing of copies of accounting documents
  57. 46Filing of copies of subsequent accounting documents
  58. 47Statement of details of parent law and other information
  59. 48Supplementary provisions as to obligation to file copies of accounting documents
  60. 49Exception where documents available for inspection
  61. 50Penalty for non-compliance
  62. Chapter 3: Institutions not required to prepare accounts under parent law
  63. 51Application of Chapter
  64. 52An institution’s financial year
  65. 53Duty to prepare accounts
  66. 54Approval and signing of accounts
  67. 55Duty to file accounts
  68. 56Penalty for non-compliance
  69. 57Supplementary provisions
  70. Part 7: TRADING DISCLOSURES
  71. 58Application and interpretation of Part
  72. 59Legibility of displays and disclosures
  73. 60Requirement to display name etc at business location
  74. 61Manner of display of name etc
  75. 62Company’s name to appear on communications
  76. 63Particulars to appear in business letters, order forms and websites
  77. 64Disclosure of names of directors
  78. 65Disclosures relating to address for service
  79. 66Civil consequences of failure to make a required disclosure
  80. 67Penalty for non-compliance
  81. Part 8: RETURNS IN CASE OF WINDING UP ETC
  82. 68Application of Part
  83. 69Return in case of winding up
  84. 70Returns to be made by liquidator
  85. 71Return in case of insolvency proceedings etc (other than winding up)
  86. 72Penalties for non-compliance
  87. 73Notice of appointment of judicial factor
  88. 74Offence of failure to give notice
  89. Part 9: MISCELLANEOUS PROVISIONS
  90. 75Service of documents on director, secretary or permanent representative
  91. 76Documents subject to Directive disclosure requirements
  92. 77Duty to give notice of closure of UK establishment
  93. Part 10: SUPPLEMENTARY PROVISIONS
  94. 78Documents that may be drawn up and delivered in a language other than English
  95. 79Revocations
  96. 80Transitional provisions and savings
  97. Signature
  98. Schedule 1SPECIFIED PUBLIC AUTHORITIES
  99. Schedule 2: CONDITIONS FOR PERMITTED DISCLOSURE
  100. Part 1: DISCLOSURE TO SPECIFIED PUBLIC AUTHORITY
  101. 1Paragraph 1
  102. 2Paragraph 2
  103. 3Paragraph 3
  104. 4Paragraph 4
  105. Part 2: DISCLOSURE TO CREDIT REFERENCE AGENCY
  106. 5Paragraph 5
  107. 6Paragraph 6
  108. 7Paragraph 7
  109. 8Paragraph 8
  110. 9Paragraph 9
  111. 10Paragraph 10
  112. Part 3: INTERPRETATION OF THIS SCHEDULE
  113. 11Paragraph 11
  114. Schedule 3: APPLICATION TO PREVENT DISCLOSURE OF ADDRESS TO CREDIT REFERENCE AGENCY
  115. 1Introductory
  116. 2Application by the individual concerned
  117. 3Application by company
  118. 4Supplementary provisions relating to applications
  119. 5Appeals
  120. 6Duration of favourable decision on application
  121. 7Revocation of favourable decision on application
  122. Schedule 4: OVERSEAS COMPANIES INDIVIDUAL ACCOUNTS
  123. Part 1: GENERAL RULES
  124. 1Paragraph 1
  125. 2Paragraph 2
  126. 3Paragraph 3
  127. 4Paragraph 4
  128. 5Paragraph 5
  129. 6Paragraph 6
  130. 7Paragraph 7
  131. 8Paragraph 8
  132. 9Paragraph 9
  133. Part 2: ACCOUNTING PRINCIPLES AND RULES
  134. 10Preliminary
  135. 11Accounting principles
  136. 12Accounting principles
  137. 13Accounting principles
  138. 14Accounting principles
  139. Part 3: NOTES TO THE ACCOUNTS
  140. 15Paragraph 15
  141. 16Paragraph 16
  142. 17Paragraph 17
  143. 18Paragraph 18
  144. 19Paragraph 19
  145. 20Paragraph 20
  146. Schedule 5: OVERSEAS COMPANIES GROUP ACCOUNTS
  147. 1General rules
  148. 2General rules
  149. 3General rules
  150. 4General rules
  151. 5Elimination of group transactions
  152. 6Elimination of group transactions
  153. 7Elimination of group transactions
  154. 8Minority interests
  155. 9Joint ventures
  156. 10Associated undertakings
  157. 11Associated undertakings
  158. Schedule 6: CREDIT AND FINANCIAL INSTITUTIONS INDIVIDUAL ACCOUNTS
  159. Part 1: GENERAL RULES
  160. 1Paragraph 1
  161. 2Paragraph 2
  162. 3Paragraph 3
  163. 4Paragraph 4
  164. 5Paragraph 5
  165. 6Paragraph 6
  166. 7Paragraph 7
  167. 8Paragraph 8
  168. 9Paragraph 9
  169. Part 2: ACCOUNTING PRINCIPLES AND RULES
  170. 10Paragraph 10
  171. 11Paragraph 11
  172. 12Paragraph 12
  173. 13Paragraph 13
  174. 14Paragraph 14
  175. Part 3: NOTES TO THE ACCOUNTS
  176. 15Paragraph 15
  177. 16Paragraph 16
  178. 17Paragraph 17
  179. 18Paragraph 18
  180. 19Paragraph 19
  181. 20Paragraph 20
  182. Schedule 7: CREDIT AND FINANCIAL INSTITUTIONS GROUP ACCOUNTS
  183. 1General rules
  184. 2General rules
  185. 3General rules
  186. 4General rules
  187. 5Elimination of group transactions
  188. 6Elimination of group transactions
  189. 7Elimination of group transactions
  190. 8Minority interests
  191. 9Joint ventures
  192. 10Associated undertakings
  193. 11Associated undertakings
  194. Schedule 8: TRANSITIONAL PROVISIONS AND SAVINGS
  195. Part 1: INTRODUCTION
  196. 1Interpretation
  197. 2Registration of returns and documents delivered before 1st October 2009
  198. Part 2: INITIAL REGISTRATION OF PARTICULARS
  199. 3Company with existing registered branch
  200. 4Company with existing registered branch
  201. 5Company with existing registered branch
  202. 6Company with existing registered branch
  203. 7Company with existing registered branch
  204. 8Company with existing registered branch
  205. 9Company with existing registered place of business
  206. 10Company with existing registered place of business
  207. 11Company with existing registered place of business
  208. 12Company with existing registered place of business
  209. 13Duty to deliver transitional return
  210. 14Company with existing unregistered branch or place of business
  211. Part 3: ALTERATIONS TO REGISTERED PARTICULARS
  212. 15Alteration to registered particulars
  213. 16Alteration in company’s constitution
  214. 17Alteration as regards filing of certified copy of constitution
  215. Part 4: RESIDENTIAL ADDRESSES: PROTECTION FROM DISCLOSURE
  216. 18Existing registered residential address treated as service address
  217. 19Residential addresses: protection from disclosure
  218. 20Residential addresses: protection from disclosure
  219. 21Continuation of protection afforded by confidentiality orders under the 1985 Act
  220. 22Effect of pending application for confidentiality order
  221. Part 5: DELIVERY OF ACCOUNTING DOCUMENTS: GENERAL
  222. 23Companies required to prepare and disclose accounts under parent law
  223. 24Companies not required to prepare and disclose accounts under parent law
  224. Part 6: DELIVERY OF ACCOUNTING DOCUMENTS: CREDIT OR FINANCIAL INSTITUTIONS
  225. 25Institutions required to prepare accounts under parent law
  226. 26Institutions not require to prepare accounts under parent law
  227. Part 7: RETURNS IN CASE OF WINDING UP ETC
  228. 27Return in case of winding up
  229. 28Returns to be made by liquidator
  230. 29Return in case of insolvency proceedings etc (other than winding up)
  231. 30Notice of appointment of judicial factor
  232. Part 8: SUPPLEMENTARY PROVISIONS
  233. 31Saving for provisions as to form or manner in which documents to be delivered
  234. Explanatory note