Section 195 Offers of short-dated debentures.C1F1
United Kingdom
As respects debentures which, under the terms of issue, must be repaid within less than one year of the date of issue—
section 79(2) of the M1Companies Act 1985 (offer of debentures of oversea company deemed not to be an offer to the public if made to professional investor) shall apply for the purposes of Chapter I of Part III of that Act as well as for those of Chapter II of that Part; and
Article 89(2) of the M2Companies (Northern Ireland) Order 1986 (corresponding provisions for Northern Ireland) shall apply for the purposes of Chapter I of Part IV of that Order as well as for those of Chapter II of that Part.
Annotations
Textual amendments
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S. 195 repealed (prosp.) by Financial Services Act 1986 (c. 60, SIF 69) s. 212(3), Sch. 17
Marginal citations
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- M2
Modifications
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S. 195 amended by Companies Act 1989 (c. 40, SIF 27), s. 202
Notes on the whole Act
Textual amendments
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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)