Part 39 U.K. Companies: minor amendments

Modifications etc. (not altering text)

C1 Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C2 Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2

F1 1175 Removal of special provisions about accounts and audit of charitable companies U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 S. 1175 omitted (26.5.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(3)(r), Sch. 23 para. 1

1176 Power of Secretary of State to bring civil proceedings on company's behalf U.K.

(1) Section 438 of the Companies Act 1985 (power of Secretary of State to bring civil proceedings on company's behalf) shall cease to have effect.

(2) In section 439 of that Act (expenses of investigating company's affairs)—

(a) in subsection (2) omit “, or is ordered to pay the whole or any part of the costs of proceedings brought under section 438,”;

(b) omit subsections (3) and (7) (which relate to section 438);

(c) in subsection (8)—

(i) for “subsections (2) and (3)” substitute “ subsection (2) ”, and

(ii) omit “; and any such liability imposed by subsection (2) is (subject as mentioned above) a liability also to indemnify all persons against liability under subsection (3)”.

(3) In section 453(1A) of that Act (investigation of overseas companies: provisions not applicable), omit paragraph (b) (which relates to section 438).

(4) Nothing in this section affects proceedings brought under section 438 before the commencement of this section.

Commencement Information

I1 S. 1176 wholly in force at 6.4.2007, see s. 1300 and S.I. 2006/3428, art. 4(1)(b) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5)

1177 Repeal of certain provisions about company directors U.K.

The following provisions of Part 10 of the Companies Act 1985 shall cease to have effect—

• section 311 (prohibition on tax-free payments to directors);

• sections 323 and 327 (prohibition on directors dealing in share options);

• sections 324 to 326 and 328 to 329, and Parts 2 to 4 of Schedule 13 (register of directors' interests);

• sections 343 and 344 (special procedure for disclosure by banks).

Commencement Information

I2 S. 1177 wholly in force at 6.4.2007, see s. 1300 and S.I. 2006/3428, art. 4(1)(c) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5)

1178 Repeal of requirement that certain companies publish periodical statement U.K.

The following provisions shall cease to have effect—

• section 720 of the Companies Act 1985 (c. 6) (certain companies to publish periodical statement), and

• Schedule 23 to that Act (form of statement under section 720).

Commencement Information

I3 S. 1178 wholly in force at 6.4.2007, see s. 1300 and S.I. 2006/3428, art. 4(1)(d) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5)

1179 Repeal of requirement that Secretary of State prepare annual report U.K.

Section 729 of the Companies Act 1985 (annual report to Parliament by Secretary of State on matters within the Companies Acts) shall cease to have effect.

Commencement Information

I4 S. 1179 wholly in force at 6.4.2007, see s. 1300 and S.I. 2006/3428, art. 4(1)(e) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5)

1180 Repeal of certain provisions about company charges U.K.

Part 4 of the Companies Act 1989 (c. 40) (registration of company charges), which has not been brought into force, is repealed.

1181 Access to constitutional documents of RTE and RTM companies U.K.

(1) The Secretary of State may by order—

(a) amend Chapter 1 of Part 1 of the Leasehold Reform, Housing and Urban Development Act 1993 (c. 28) for the purpose of facilitating access to the provisions of the articles or any other constitutional document of RTE companies;

(b) amend Chapter 1 of Part 2 of the Commonhold and Leasehold Reform Act 2002 (c. 15) (leasehold reform) for the purpose of facilitating access to the provisions of the articles or any other constitutional document of RTM companies.

(2) References in subsection (1) to provisions of a company's articles or any other constitutional document include any provisions included in those documents by virtue of any enactment.

(3) An order under this section is subject to negative resolution procedure.

(4) In this section—

• “RTE companies” has the same meaning as in Chapter 1 of Part 1 of the Leasehold Reform, Housing and Urban Development Act 1993;

• “RTM companies” has the same meaning as in Chapter 1 of Part 2 of the Commonhold and Leasehold Reform Act 2002.

Commencement Information

I5 S. 1181 wholly in force at 1.10.2009; s. 1181 not in force at Royal Assent, see s. 1300; s. 1181 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. 1181 otherwise in force at 1.10.2009 by S.I. 2008/2860, art. 3(v) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, art. 18)