The Companies (Northern Ireland) Order 1990 (repealed) No. 593 (NI. 5)

Statutory Instruments

1990 No. 593 (N.I. 5)

The Companies (Northern Ireland) Order 1990

14th March 1990

PART I N.I. INTRODUCTORY

Title and commencement N.I.

1.—(1) This Order may be cited as the Companies (Northern Ireland) Order 1990 and shall come into operation on such day or days as the Head of the Department may by order appointF1 .

(2) An order under paragraph (1) may—

(a) contain such transitional provisions and savings as appear to the Head of the Department to be necessary or expedient;

(b) amend any statutory provision which refers to the coming into operation of a provision brought into operation by the order so as to substitute a reference to the actual date on which it comes into operation.

F1 partly exercised by SRs 1990/246; 1991/267, 499; 1993/63; 1994/47

Interpretation N.I.

2.—(1) Subject to Articles 44(1) and 51(4) and (5), the Interpretation Act (Northern Ireland) 1954F2 shall apply to Article 1 and the following provisions of this Order as it applies to a Measure of the Northern Ireland Assembly.

(2) In this Order—

• “the Department” means the Department of Economic Development;

• “the 1986 Order” means the Companies (Northern Ireland) Order 1986F3 ;

• “statutory provision” has the meaning assigned to it by section 1(f) of the Interpretation Act (Northern Ireland) 1954.

F2 1954 c. 33 (N.I.)

F3 1986 NI 6

PART II N.I. COMPANY ACCOUNTS

Introduction N.I.

Introduction N.I.

3.  F4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4 Art. 3 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Provisions applying to companies generally N.I.

Accounting records N.I.

4.  F5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5 Art. 4 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

A company's financial year and accounting reference periods N.I.

5.  F6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6 Art. 5 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Individual company accounts N.I.

6.  F7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F7 Art. 6 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Group accounts N.I.

7.  F8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F8 Art. 7 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Additional disclosure required in notes to accounts N.I.

8.  F9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9 Art. 8 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Approval and signing of accounts N.I.

9.  F10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10 Art. 9 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Directors' report N.I.

10.  F11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F11 Art. 10 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Auditors' report N.I.

11.  F12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F12 Art. 11 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Publication of accounts and reports N.I.

12.  F13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F13 Art. 12 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Laying and delivering of accounts and reports N.I.

13.  F14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F14 Art. 13 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Remedies for failure to comply with accounting requirements N.I.

14.  F15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F15 Art. 14 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Exemptions and special provisions N.I.

Small and medium‐sized companies and groups N.I.

15.  F16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F16 Art. 15 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Dormant companies N.I.

16.  F17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17 Art. 16 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Public listed companies: provision of summary financial statement N.I.

17.  F18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F18 Art. 17 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Private companies: election to dispense with laying of accounts and reports before general meeting N.I.

18.  F19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F19 Art. 18 repealed (1.10.2007) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/2194, arts. 1(3)(a), 8, Sch. 2 Pt. 2 (with art. 12)

Unlimited companies: exemption from requirement to deliver accounts and reports N.I.

19.  F20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F20 Art. 19 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Banking and insurance companies and groups: special provisions N.I.

20.  F21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F21 Art. 20 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Supplementary provisions N.I.

Accounting standards N.I.

21.  F22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F22 Art. 21 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Power to alter accounting requirements N.I.

22.  F23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F23 Art. 22 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Parent and subsidiary undertakings N.I.

23.  F24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F24 Art. 23 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Other interpretation provisions N.I.

24.  F25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F25 Art. 24 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Article 25—Amendments

Article 26—Repeals

PART III F26 N.I. ELIGIBILITY FOR APPOINTMENT AS COMPANY AUDITOR

F26 mod. by SI 2005/18

Introduction N.I.

Introduction N.I.

27.  F27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F27 Art. 27 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Eligibility for appointment N.I.

Eligibility for appointment N.I.

28.  F28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F28 Art. 28 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 37(2))

Effect of appointment of partnership N.I.

29.  F29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F29 Art. 29 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 37(2))

Ineligibility on ground of lack of independence N.I.

30.  F30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F30 Art. 30 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 37(2))

Effect of ineligibility N.I.

31.  F31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F31 Art. 31 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 37(2))

Power of Department to require second audit N.I.

32.  F32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F32 Art. 32 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Recognition of supervisory bodies and professional qualifications N.I.

Supervisory bodies N.I.

33.  F33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F33 Art. 33 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

Meaning of “appropriate qualification” N.I.

34.  F34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F34 Art. 34 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

Qualifying bodies and recognised professional qualifications N.I.

35.  F35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F35 Art. 35 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

Approval of overseas qualifications N.I.

36.  F36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F36 Art. 36 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

Duties of recognised bodies N.I.

The register of auditors N.I.

37.  F37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F37 Art. 37 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Information about firms to be available to public N.I.

38.  F38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F38 Art. 38 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Matters to be notified to the Department N.I.

39.  F39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F39 Art. 39 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 39)

Power to call for information N.I.

40.  F40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F40 Art. 40 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 39)

Compliance orders N.I.

41.  F41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F41 Art. 41 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Directions to comply with international obligations N.I.

42.  F42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F42 Art. 42 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Offences N.I.

False and misleading statements N.I.

43.  F43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F43 Art. 43 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Offences by bodies corporate, partnerships and unincorporated associations N.I.

44.  F44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F44 Art. 44 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Time limits for prosecution of offences N.I.

45.  F45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F45 Art. 45 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Jurisdiction and procedure in respect of offences N.I.

46.  F46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F46 Art. 46 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Supplementary provisions N.I.

Fees N.I.

47.  F47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F47 Art. 47 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Delegation of functions of Department N.I.

48.  F48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F48 Art. 48 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 42(2))

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N.I.

F49 Art. 48A repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 42(2))

Art. 49 rep. by 2004 c. 27

Exemption from liability for damages N.I.

50.  F50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F50 Art. 50 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

Service of notices N.I.

51.  F51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F51 Art. 51 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(2))

Power to make consequential amendments N.I.

52.  F52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F52 Art. 52 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12) (with saving by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948, art. 10)

Power to make provision in consequence of changes affecting accountancy bodies N.I.

53.  F53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F53 Art. 53 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)

Meaning of “associate” N.I.

54.  F54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F54 Art. 54 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(3))

Minor definitions N.I.

55.  F55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F55 Art. 55 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(3))

Index of defined expressions N.I.

56.  F56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F56 Art. 56 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 41(3))

Article 57—Repeals

SCHEDULES

N.I.

Schedule 1—Amendments

N.I.

Schedule 2—Amendments

N.I.

Schedule 3—Amendments

N.I.

Schedule 4—Amendments

N.I.

Schedule 5—Amendments

N.I.

Schedule 6—Amendments

N.I.

Schedule 7—Amendments

N.I.

Schedule 8—Amendments

N.I.

Schedule 9—Amendments

N.I.

Schedule 10—Amendments

F57 F57 SCHEDULE 11 N.I.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F57 Sch. 11 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

F77 F77 SCHEDULE 12 N.I.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F77 Sch. 12 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 38(2))

F87 F87 SCHEDULE 13 N.I.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F87 Sch. 13 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12, Sch. 4 para. 42(2))

N.I.

Schedule 14 rep. by 2004 c. 27

N.I.

Schedule 15—Repeals