Explanatory Note
(This note is not part of the Order.)
This Order brings into operation on 29th March 1993 Articles 69(4) and 77 of the Companies (No. 2) (Northern Ireland) Order 1990 (“the 1990 (No. 2) Order”) together with certain related repeals. Article 69(4) concerns the particulars which must be contained in a notification disclosing an interest in shares. Article 77 concerns rights of inspection of company registers and related matters.
The Order also repeals the entry relating to Article 397(9) in Schedule 23 to the Companies (Northern Ireland) Order 1986 in consequence of the coming into operation, by virtue of Article 2 of the Companies (1990 Order) (Commencement No. 4) Order (Northern Ireland) 1993 (S.R. 1993 No. 63 (C. 4)), of certain provisions of Part III of the Companies (Northern Ireland) Order 1990. In addition, the Order brings into operation the repeals of section 196(6) of the Financial Services Act 1986 and section 565(7)(b) of the Income and Corporation Taxes Act 1988. These repeals are consequential on the coming into operation of Articles 62 and 71 of the 1990 (No. 2) Order. These Articles were brought into operation by, respectively, Article 2 of the Companies (1990 No. 2 Order) (Commencement No. 2) Order (Northern Ireland) 1991 (S.R. 1991 No. 153 (C. 9)) and Article 3 of the Companies (1990 No. 2 Order) (Commencement No. 1) Order (Northern Ireland) 1991 (S.R. 1991 No. 26 (C. 2)).