Part 33 U.K.UK companies not formed under companies legislation

Chapter 1U.K.Companies not formed under companies legislation but authorised to register

1042Power to make provision by regulationsU.K.

(1)The Secretary of State may make provision by regulations—

(a)for and in connection with registration under section 1040 (companies authorised to register under this Act), and

(b)as to the application to companies so registered of the provisions of the Companies Acts.

(2)Without prejudice to the generality of that power, regulations under this section may make provision corresponding to any provision formerly made by Chapter 2 of Part 22 of the Companies Act 1985 (c. 6).

(3)Regulations under this section are subject to negative resolution procedure.

Commencement Information

I1S. 1042 wholly in force at 1.10.2009; s. 1042 not in force at Royal Assent, see s. 1300; s. 1042 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 1042 otherwise in force at 1.10.2009 by S.I. 2008/2860, art. 3(p) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, art. 18)

Chapter 2U.K.Unregistered companies

1043Unregistered companiesU.K.

(1)This section applies to bodies corporate incorporated in and having a principal place of business in the United Kingdom, other than—

(a)bodies incorporated by, or registered under, a public general Act of Parliament;

(b)bodies not formed for the purpose of carrying on a business that has for its object the acquisition of gain by the body or its individual members;

(c)bodies for the time being exempted from this section by direction of the Secretary of State;

(d)open-ended investment companies.

(2)The Secretary of State may make provision by regulations applying specified provisions of the Companies Acts to all, or any specified description of, the bodies to which this section applies.

(3)The regulations may provide that the specified provisions of the Companies Acts apply subject to any specified limitations and to such adaptations and modifications (if any) as may be specified.

(4)This section does not—

(a)repeal or revoke in whole or in part any enactment, royal charter or other instrument constituting or regulating any body in relation to which provisions of the Companies Acts are applied by regulations under this section, or

(b)restrict the power of Her Majesty to grant a charter in lieu or supplementary to any such charter.

But in relation to any such body the operation of any such enactment, charter or instrument is suspended in so far as it is inconsistent with any of those provisions as they apply for the time being to that body.

(5)In this section “specified” means specified in the regulations.

(6)Regulations under this section are subject to negative resolution procedure.

Commencement Information

I2S. 1043 wholly in force at 6.4.2007; s. 1043 not in force at Royal Assent, see s. 1300; s. 1043 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5)); s. 1043 wholly in force at 6.4.2007 by S.I. 2007/1093 {art. 2(1)(c)}