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Companies Act 1985

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Changes over time for: Section 438

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Version Superseded: 06/04/2007

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Point in time view as at 19/06/1996. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Section 438. Help about Changes to Legislation

438 Power to bring civil proceedings on company’s behalf. U.K.

(1)[F1If from any report made or information obtained under this Part it appears to the Secretary of State] that any civil proceedings ought in the public interest to be brought by any body corporate, he may himself bring such proceedings in the name and on behalf of the body corporate.

(2)The Secretary of State shall indemnify the body corporate against any costs or expenses incurred by it in or in connection with proceedings brought under this section.

Textual Amendments

Modifications etc. (not altering text)

C1S. 438 extended (with modifications) by S.I. 1989/638, regs. 18, 21, Sch. 4 para. 8

C2S. 438 applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I

C3S. 438(1): transfer of functions (5.1.1998) by virtue of S.I. 1997/2781, art. 4(2) (with art. 7)

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