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Companies Act 1967
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- 1967 c. 81
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PART I Amendments of Law with respect to Companies generally
3.Statement in holding company's accounts of identities and places of incorporation of subsidiaries, and particulars of shareholdings therein.
4.Statement in company's accounts of identities and places of incorporation of companies not subsidiaries whose shares it holds, and particulars of those shares.
5.Statement in subsidiary company's accounts of name and place of incorporation of its ultimate holding company.
7.Particulars in accounts of directors' emoluments the rights to receive which have been waived.
8.Particulars in accounts of salaries of employees receiving more than £10,000 a year.
10.Limitation of operation of new requirements as to accounts.
11.Statements annexed to accounts showing certain items to include corresponding amounts for preceding financial year.
12.Power of Board of Trade to revoke, in part or in whole, exception from Schedule 8 to the principal Act for banking and discount companies.
15.Meaning of " the directors' report " for purposes of sections 16 to 24.
16.Additional matters of general nature to be dealt with in directors' report.
17.Directors' report to state, where business of certain different classes carried on, attribution of turnover to, and profitability (or otherwise) of, business of each class.
18.Directors' report to state average number, by the week, of employees and amount, by the year, of their wages.
19.Directors' report to include certain particulars of contributions for political or charitable purposes.
20.Directors' report to include, in case of certain companies, particulars of exports.
22.Directors' report to show, for items included under authority of proviso to section 163 of the principal Act, corresponding amounts for, or as at the end of, preceding financial year.
23.Penalization of failure by directors to secure compliance with requirements of the principal Act and Part I as to directors' report.
25.Penalization of dealing by director of a company in options to buy or sell quoted shares in, or quoted debentures of, the company or associated companies.
26.Directors' service contracts, or memorandums thereof, to be open to inspection by company's members.
27.Obligation of director of a company to notify it of interests of his in shares in, or debentures of, the company or associated companies.
29.Provisions for securing that information furnished under section 27, and certain other information about directors' interests, is recorded and made available.
35.Power of Board of Trade to present winding-up petition or petition under section 210 of the principal Act in consequence of investigation,.
36.Repeal of section 169(1) and (2) of the principal Act, and consequential modification of section 170(1)(a) thereof.
37.Fresh power of Board of Trade to bring civil proceedings on behalf of body corporate.
38.Extension of Board of Trade's power of investigation under section 165 of the principal Act.
39.Power of inspectors to secure attendance of persons for purposes of investigation.
40.Amendments of provisions as to expenses of investigations.
41.Power of inspector to inform Board of Trade of matters tending to show commission of offence.
42.Extension of Board of Trade's powers of investigation to certain bodies incorporated outside Great Britain.
46.Power of Board of Trade to require company to abandon misleading name.
47.Exception, in certain cases, of unlimited companies from requirements of section 127 of the principal Act.
51.Exemption from obligation to print certain resolutions and agreements.
52.Increase of maximum charges for copies of registers of debenture holders, debenture trust deeds and registers of members.
53.Application of Part I to certain companies not formed under the principal Act.
54.Application of certain provisions of Part I to unregistered companies.
55.Construction of references to enactments contained in the principal Act.
56.Interpretation of Part I, and application of provisions of the principal Act.
57.Commencement of, and exercise of powers to make regulations under, certain provisions of Part I.
PART II Amendments of Law with respect to Insurance Companies
Control of Entry into insurance Business and of its general Conduct
59.Classes of insurance business relevant for purposes of Part II, and definitions thereof.
62.Provisions for securing initial sufficiency of assets and capital of insurance companies.
63.Provisions for securing risks insured are capable of being borne.
64.Provisions for preventing unfit persons from being associated with insurance companies.
65.Power of Board of Trade to impose requirements with respect to initial conduct of business.
66.Provisions relating to assets subject to certain requirements imposed under section 65.
67.Power to impose restrictions on company benefiting by virtue of section 62(5).
68.Power of Board of Trade to restrict conduct of insurance business, and effect of exercise of that power.
69.Power of Board of Trade to revoke authorisation for purposes of section 60 on company's ceasing to carry on business.
Accounts, business Statements and cognate Matters
71.Substitution of new provisions for those of section 4 (annual accounts and balance sheets) of the principal Act.
72.Substitution of new provisions for those of section 9 (audit of accounts) of the principal Act.
73.Powers of Board of Trade and Industrial Assurance Commissioner to alter insurance companies' financial years.
76.Powers of Board of Trade and Industrial Assurance Commissioner to permit withholding from public of information harmful to insurance companies' businesses.
77.Additional copy of accounts, to be deposited by industrial or provident society.
Obligation to notify Changes in Officers and Control of Company and holding Company
Penalties and legal Proceedings
85.Penalty for non-compliance with Part II or the principal Act.
86.Penalty on industrial assurance company for noncompliance with enactments relating to industrial assurance.
87.Penalty on friendly society for offence under Industrial Assurance Act 1923.
88.Proceedings against unincorporated bodies for offences under Part II.
90.Application of certain provisions of Part I to summary proceedings in respect of offences under Part II.
91.Restriction of institution of proceedings in respect of offences under Part II.
92.Power of Board of Trade to exempt certain companies from sections 4, 5, 7 to 9 and 13 of the principal Act.
93.Power of Board of Trade to adapt section 3 of the principal Act.
94.Circumstances in which persons carrying on insurance business of certain classes are to be taken as not carrying on also such business of other classes.
96.Power of Industrial Assurance Commissioner to exempt Northern Irish collecting societies from provisions of Industrial Assurance Acts 1923 to 1958.
97.Construction (as to Northern Ireland) of certain references.
99.Amendments (of minor nature or consequential on Part II) of the principal Act and the Industrial Assurance Act 1923.
100.Repeal of certain provisions of section 18 of the Industrial Assurance Act 1923 and of Schedule 2 thereto.
101.Construction of references to enactments contained in the principal Act.
103.Temporary limitations of effect of alteration of scope of the principal Act.
104.Saving for discharge of liabilities lawfully assumed before passing of this Act.
105.Saving for certain orders under Schedule 2 to the principal Act.
106.Revocation of provisions of companies' memorandums of association restricting carrying on of insurance business.
PART III Inspection of Companies' Books and Papers
109.Power of Board of Trade to require production of documents.
112.Consequential cesser of powers under section 14 of the Insurance Companies Act 1958 and section 18 of the Protection of Depositors Act 1963.
113.Penalization of destruction, mutilation, of company documents.
114.Penalization of furnishing false information under Part III.
115.Application, for purposes of Part III, of certain provisions of Parts I and II.
119.Exemption from prohibition imposed by section 429 of the Companies Act 1948 of the formation of banking partnerships with more than ten members.
120.Exemptions from prohibition imposed by section 434 of the Companies Act 1948 of the formation of other partnerships with more than twenty members.
121.Exemptions from prohibition imposed by section 4 of the Limited Partnerships Act 1907 of limited partnerships with more than twenty members.
SCHEDULES
Amendments of Schedule 8 to the Companies Act 1948.
Form of Schedule 8 to the Companies Act 1948 as amended by this Act.
PART I General Provisions as to Balance Sheet and Profit and Loss Account
2.The authorised share capital, issued share capital, liabilities and assets...
3.There shall be stated under separate headings, so far as...
4.(1) The reserves, provisions, liabilities and assets shall be classified...
5A.In the case of unquoted investments consisting in equity share...
6.The aggregate amounts respectively of reserves and provisions (other than...
9.Where any liability of the company is secured otherwise than...
11.(1) The matters referred to in the following sub-paragraphs shall...
PART II Special Provisions where the Company is a Holding or Subsidiary Company
Modifications of and Additions to Requirements as to Company's own Accounts
Consolidated Accounts of Holding Company and Subsidiaries
17.Subject to the following paragraphs of this Part of this...
18.Subject as aforesaid and to Part III of this Schedule,...
19.Sections one hundred and ninety-six and one hundred and ninety-seven...
21.In relation to any subsidiaries of the holding company not...
22.In relation to any subsidiaries (whether or not dealt with...
Amendments of Insurance Companies Act 1958 consequential on Sections 59 and 70(1) of this Act.
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