In section 21 of the M1Company Directors Disqualification Act 1986 (application of provisions of the M2Insolvency Act 1986), after subsection (3) add—
“(4)For the purposes of summary proceedings in Scotland, section 431 of that Act applies to summary proceedings for an offence under section 11 or 13 of this Act as it applies to summary proceedings for an offence under Parts I to VII of that Act.”.
Textual Amendments
F1S. 209 repealed (1.3.1994) by 1993 c. 36, s. 79(14), Sch. 6 Pt.I; S.I. 1994/242, art. 2,Sch.
(1)Schedule 3 to the M3Policyholders Protection Act 1975 (provisions with respect to levies on authorised insurance companies) is amended as follows.
(2)For paragraph 4 (statements of premium income to be sent to Secretary of State) substitute—
“4(1)The Secretary of State may by notice in writing require an authorised insurance company to send him a statement of—
(a)any income of the company for the year preceding that in which the notice is received by the company which is income liable to the general business levy, and
(b)any income of the company for that year which is income liable to the long term business levy.
(2)An authorised insurance company which receives a notice under this paragraph shall send the statement required by the notice to the Secretary of State within three months of receiving the notice.
(3)Where an authorised insurance company is required under this paragraph to send a statement to the Secretary of State in respect of income of both descriptions mentioned in sub-paragraph (1)(a) and (b) above it shall send a separate statement in respect of income of each description.”.
(3)In paragraph 5(3) (application of provisions of the M4Insurance Companies Act 1982 to failure to meet obligation imposed by paragraph 4) for “the obligation imposed on an insurance company by paragraph 4” substitute “an obligation imposed on an insurance company under paragraph 4”.
(4)In paragraph 6 (declaration and enforcement of levies) omitsub-paragraph (4) (provision about notices).
(5)After paragraph 7 insert—
“8A notice under paragraph 4 or 6 above may be sent by post, and a letter containing such a notice shall be deemed to be properly addressed if it is addressed to the insurance company to which it is sent at its last known place of business in the United Kingdom.”.
(1)In section 104 of the M5Building Societies Act 1986 (power to assimilate law relating to building societies and law relating to companies), in subsection (2) (relevant provisions of that Act), omit the word “and” before paragraph (d) and after that paragraph add—
“; and
(e)section 110 (provisions exempting officers and auditors from liability).”.
(2)In Schedule 15 to the Building Societies Act 1986 (application of companies winding-up legislation)—
(a)in paragraph 1(a) (provisions of M6Insolvency Act 1986 applied) for “and XII” substitute “ , XII and XIII ”;
(b)in paragraph 3(2)(b) (adaptations: references to be omitted), omit “, a shadow director”.
(3)In the M7Company Directors Disqualification Act 1986, after section 22 insert—
(1)This Act applies to building societies as it applies to companies.
(2)References in this Act to a company, or to a director or an officer of a company include, respectively, references to a building society within the meaning of the Building Societies Act 1986 or to a director or officer, within the meaning of that Act, of a building society.
(3)In relation to a building society the definition of “shadow director” in section 22(5) applies with the substitution of “building society” for “company”.
(4)In the application of Schedule 1 to the directors of a building society, references to provisions of the Insolvency Act or the Companies Act include references to the corresponding provisions of the Building Societies Act 1986.”.
Commencement Information
I1S. 211 wholly in force; s. 211(2)(3) in force at 31.7.1990 see S.I. 1990/1392; s. 211(1) in force at 1.10.1991 see s. 215 and S.I. 1991/1996, art. 2(1)(b)
Marginal Citations