SCHEDULES

SCHEDULE 4 Minor and Consequential Amendments

Companies Act 1985

51

For section 36B of the M1Companies Act 1985 there shall be substituted the following section—

36B Execution of documents by companies.

1

Notwithstanding the provisions of any enactment, a company need not have a company seal.

2

For the purposes of any enactment—

a

providing for a document to be executed by a company by affixing its common seal; or

b

referring (in whatever terms) to a document so executed,

a document signed or subscribed by or on behalf of the company in accordance with the provisions of the Requirements of Writing (Scotland) Act 1995 shall have effect as if so executed.

3

In this section “enactment” includes an enactment contained in a statutory instrument.