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Companies Act 1985

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Changes over time for: Cross Heading: Guarantees and other financial commitments in favour of group undertakings

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Version Superseded: 06/04/2008

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Status:

Point in time view as at 27/04/2002.

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Cross Heading: Guarantees and other financial commitments in favour of group undertakings. Help about Changes to Legislation

[F1 Guarantees and other financial commitments in favour of [F2group undertakings]]E+W+S

Textual Amendments

F1Sch. 4 Pt. IV para. 59A inserted (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9) by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 11(3)

F2Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 2(1) (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9, Sch. 2)

59ACommitments within any of sub-paragraphs (1) to (5) of paragraph 50 (guarantees and other financial commitments) which are undertaken on behalf of or for the benefit of—

(a)any parent undertaking or fellow subsidiary undertaking, or

(b)any subsidiary undertaking of the company,

shall be stated separately from the other commitments within that sub-paragraph, and commitments within paragraph (a) shall also be stated separately from those within paragraph (b).

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S

60—70.

Textual Amendments

F3Sch. 4 Pt. IV paras. 60–70 and Pt. V paras. 74, 75 repealed (subject to the transitional and saving provisions mentioned in S.I. 1990/355, art. 5) by Companies Act 1989 (c. 40, SIF 27), ss. 212, 213(2), Sch. 24

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