
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThis
Section
only
Status:
Point in time view as at 01/07/1994. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the Companies Act 1985, Section 460.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
460 Order on application of Secretary of State.E+W+S
(1)If in the case of any company—
(a)the Secretary of State has received a report under section 437, or exercised his powers under section 447 or 448 of this Act or [section 43A or 44(2) to (6)]of the Insurance Companies Act 1982 . . ., and
(b)it appears to him that the company’s affairs are being or have been conducted in a manner which is [unfairly prejudicial to the interests of its members generally or of some part of its members], or that any actual or proposed act or omission of the company (including an act or omission on its behalf) is or would be so prejudicial,
he may himself (in addition to or instead of presenting a petition . . . for the winding up of the company) apply to the court by petition for an order under this Part.
(2)In this section (and, so far as applicable for its purposes, in the section next following) “company” means any body corporate which is liable to be wound up under this Act.
Textual Amendments
Modifications etc. (not altering text)
Marginal Citations
Back to top