- Latest available (Revised)
- Point in Time (04/03/2024)
- Original (As enacted)
Small Business, Enterprise and Employment Act 2015 is up to date with all changes known to be in force on or before 16 August 2024. There are changes that may be brought into force at a future date.
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Report on investigations under financial regulators' complaints scheme
PART 4 The Pubs Code Adjudicator and the Pubs Code
PART 7 Companies: Transparency
PART 8 Company filing requirements
PART 9 Directors' disqualification etc
Consequential amendments and corresponding provision for Northern Ireland
Bankruptcy: Scotland and Northern Ireland
113.Disqualification as director: bankruptcy, etc in Scotland and Northern Ireland
114.Company Directors Disqualification (Northern Ireland) Order 2002: bankruptcy, etc in England and Wales or Scotland
115.Disqualification as insolvency practitioner: bankruptcy, etc in Scotland or Northern Ireland
116.Disqualification as insolvency practitioner in Northern Ireland: bankruptcy, etc in England and Wales or Scotland
122.Abolition of requirements to hold meetings: company insolvency
123.Abolition of requirements to hold meetings: individual insolvency
124.Ability for creditors to opt not to receive certain notices: company insolvency
125.Ability for creditors to opt not to receive certain notices: individual insolvency
Regulation of insolvency practitioners: amendments to existing regime
Power to establish single regulator of insolvency practitioners
153B.Supplementary provision about regulations under section 153A
153C.Power to relax restriction on public sector exit payments
154.Regulations in connection with repayment of public sector exit payments
156.Power to make regulations under section 154(1) to be exercisable by the Treasury or Scottish Ministers
157.Power of Secretary of State to waive repayment requirement
SCHEDULES
Registration of childcare: premises
1.The Childcare Act 2006 is amended in accordance with paragraphs...
2.In section 34 (requirement to register: other early years providers)—...
3.In section 36 (applications for registration: other early years providers)—...
4.In section 37 (entry on the register and certificates), in...
5.In section 37A (early years childminder agencies: registers and certificates),...
6.In section 53 (requirement to register: other later years providers)—...
7.In section 55 (applications for registration: other later years providers)—...
8.In section 56 (entry on the register and certificates), in...
9.In section 56A (later years childminder agencies: registers and certificates),...
10.In section 57 (special procedure for providers registered in the...
11.In section 57A (special procedure for providers registered with early...
12.In section 63 (applications for registration on the general register:...
13.In section 64 (entry on the register and certificates), in...
14.In section 65 (special procedure for persons already registered in...
15.In section 65A (procedure for persons already registered with a...
16.In section 69 (suspension of registration in a childcare register:...
17.After section 85 (offence of making false or misleading statement)...
18.Omit section 94 (power to amend Part 3: applications in...
19.Omit section 105(3)(c) (procedure for an order under section 94)...
Register of people with significant control
4.In section 9 (registration documents), in subsection (4), at the...
5.After section 12 insert— Statement of initial significant control (1) The statement of initial significant control required to be...
6.In section 120 (information as to state of register and...
7.In section 1068 (registrar's requirements as to form, authentication and...
8.In section 1087 (material not available for public inspection), in...
9.(1) Section 1126 (consents required for certain prosecutions) is amended...
10.In section 1136 (regulations about where certain company records to...
11.In Schedule 8 (index of defined expressions), in the appropriate...
Abolition of share warrants to bearer
PART 1 Arrangements for conversion and cancellation of existing share warrants
Consequences of failure to surrender during first 7 months of surrender period
Expiry of right to surrender and applications for cancellation of outstanding share warrants
Reduction of share capital below authorised minimum in case of public company
Company with outstanding share warrants: prohibition on striking off
Application of sections 1112 and 1113 of the Companies Act 2006
PART 2 Consequential amendments
23.In section 122 (share warrants)— (a) for subsections (1) and...
24.In section 617 (alteration of share capital of limited company),...
25.In section 652 (liability of members following reduction of capital),...
27.(1) After section 1028 insert— Administrative restoration of company with...
28.(1) After section 1032A insert— Restoration by court of company...
Option to keep information on central register
12.In section 12 (statement of proposed officers), in subsection (2),...
13.In section 112 (the members of a company), after subsection...
14.In section 127 (register to be evidence), after the words...
15.In section 246 (putting the address on the public record)—...
17.In section 311 (contents of notices of meetings), in subsection...
18.In section 360B (traded companies: requirements for participating in and...
19.In section 554 (registration of allotment), after subsection (2) insert—...
20.In section 558 (when shares are allotted), after “members” insert...
21.In section 588 (liability of subsequent holders of shares), in...
22.In section 605 (liability of subsequent holders of shares), in...
23.In section 616 (interpretation of Chapter 7), in subsection (3),...
24.In section 655 (shares no bar to damages against company),...
25.In section 724 (Treasury shares), in subsection (4), after “members”...
26.In section 770 (registration of transfer), after subsection (2) insert—...
27.In section 771 (procedure on transfer being lodged), after subsection...
28.In section 772 (transfer of shares on application of transferor)—...
29.In section 786 (provision enabling or requiring arrangements to be...
30.In section 1068 (registrar's requirements as to form, authentication and...
31.(1) Section 1081 (annotation of the register) is amended as...
32.In section 1094 (administrative removal of material from the register),...
33.In section 1136 (regulations about where certain company records to...
35.In Schedule 8 (index of defined expressions), in the appropriate...
Contents of statements of capital
2.In section 10 (statement of capital and initial shareholdings), in...
3.In section 32 (constitutional documents to be provided to members),...
4.In section 108 (statement of capital required on re-registration as...
5.In section 555 (return of allotment by limited company), in...
6.In section 619 (notice to registrar of sub-division or consolidation),...
7.In section 621 (notice to registrar of reconversion of stock...
8.In section 625 (notice to registrar of redenomination), in subsection...
9.In section 627 (notice to registrar of reduction of capital...
10.In section 644 (registration of resolution reducing share capital), in...
11.In section 649 (registration of court order confirming reduction of...
12.In section 663 (notice to registrar of cancellation of shares),...
13.In section 689 (notice to registrar of redemption), in subsection...
14.In section 708 (notice to registrar of cancellation on purchase...
15.In section 720B (registration of resolution etc. for purchase of...
16.In section 730 (notification of cancellation of treasury shares), in...
Sections 104 to 110: consequential and related amendments
PART 1 Company Directors Disqualification Act 1986
1.The Company Directors Disqualification Act 1986 is amended as follows....
2.In section 1 (disqualification orders: general) in subsection (2), for...
3.(1) Section 1A (disqualification undertakings: general) is amended as follows....
4.(1) Section 2 (disqualification on conviction of indictable offence) is...
5.(1) Section 3 (disqualification for persistent breaches of companies legislation)...
6.In section 5 (disqualification on summary conviction), after subsection (4A)...
7.In section 6 (duty of court to disqualify unfit directors...
8.In section 7 (disqualifications under section 6: applications and undertakings),...
9.Before section 8A insert— “ Further provision about disqualification undertakings...
10.In section 8A (variation etc of disqualification undertaking), in subsection...
11.In section 10 (participation in wrongful trading), after subsection (2)...
12.(1) Section 16 (application for disqualification order) is amended as...
13.(1) Section 17 (application for leave under an order or...
14.In section 18 (register of disqualification orders and undertakings), in...
15.In section 20 (admissibility in evidence of statements), in subsection...
16.In section 21 (interaction with Insolvency Act 1986), in each...
17.In section 22 (interpretation), after subsection (2) insert—
18.In section 22A (application of Act to building societies), omit...
19.In section 22B (application of Act to incorporated friendly societies)—...
20.In section 22C (application of Act to NHS foundation trusts)...
21.Omit section 22D (application of Act to open-ended investment companies)....
22.(1) Section 22E (application of Act to registered societies) is...
23.In section 22F (application of Act to charitable incorporated organisations)...
Northern Ireland: provision corresponding to sections 104 to 111
The Company Directors Disqualification (Northern Ireland) Order 2002
Determining unfitness and disqualification orders: matters to be taken into account
Extension of period for applying for disqualification order for unfit directors
Reports of office-holders on conduct of directors of insolvent companies
Directors: removal of restriction on application for disqualification order
Amendments consequential on, or related to, amendments made by paragraphs 2 to 8
Abolition of requirements to hold meetings; opted-out creditors
Company voluntary arrangements
2.In section 2(2) (nominee's report on company's proposal), for paragraphs...
3.(1) Section 3 (summoning of meetings) is amended as follows....
4.(1) Section 4 (decisions of meetings) is amended as follows....
5.(1) Section 4A (approval of arrangement) is amended as follows....
6.(1) Section 5 (effect of approval) is amended as follows....
7.(1) Section 6 (challenge of decisions) is amended as follows....
9.(1) Schedule A1 (moratorium where directors propose voluntary arrangement) is...
16.In section 92A(1) (members' voluntary winding-up in England and Wales:...
17.In section 93(1) (members' voluntary winding-up in Scotland: company meeting...
18.For section 94 (members' voluntary winding up: final meeting of...
19.(1) Section 95 (effect of company's insolvency) is amended as...
20.(1) For section 96 (conversion to creditors' voluntary winding up)...
21.In section 97(2) (application of Chapter 4), for “98 and...
23.(1) Section 99 (directors to lay statement of affairs before...
24.For section 100(1) (appointment of liquidator) substitute—
25.(1) Section 101 (appointment of liquidation committee) is amended as...
26.Omit section 102 (creditors' meeting where winding up converted under...
27.In section 104A (progress report to company and creditors at...
28.In section 105(4) (meetings of company and creditors at each...
29.For section 106 (creditors' voluntary winding-up: final meetings of company...
30.In section 114(2) (powers of directors in voluntary winding up...
31.(1) Section 136 (functions of official receiver in relation to...
32.(1) Section 137 (appointment by Secretary of State) is amended...
33.(1) Section 138 (appointment of liquidator in Scotland) is amended...
34.(1) Section 139 (choice of liquidator at meetings of creditors...
35.In section 140(3) (appointment of liquidator by court following administration...
36.In section 141 (liquidation committee: England and Wales) for subsections...
37.(1) Section 142 (liquidation committee (Scotland)) is amended as follows....
38.For section 146 (compulsory winding-up - duty to summon final...
39.In section 160(1) (delegation of court's powers to liquidator (England...
40.(1) Section 166 (liquidator's powers and duties in creditors' voluntary...
41.In section 168 (liquidator's supplementary powers: England and Wales) for...
42.(1) Section 171 (removal of liquidator in voluntary winding up)...
43.(1) Section 172 (removal of liquidator in compulsory winding up)...
44.(1) Section 173 (release of liquidator in voluntary winding up)...
45.(1) Section 174 (release of liquidator in compulsory winding up)...
46.Omit section 194 (resolutions passed at adjourned meetings).
47.(1) Section 195 (meetings to ascertain wishes of creditors or...
48.(1) Section 201 (voluntary winding up - dissolution) is amended...
49.In section 202(3) (early dissolution in England and Wales) after...
50.In section 204(2) (early dissolution: Scotland) for “meeting or meetings”...
51.(1) Section 205 (compulsory winding up - dissolution) is amended...
52.In section 208(2) (misconduct in course of winding up), for...
54.(1) Section 246A (remote attendance at meetings) is amended as...
55.In section 387(2) and (2A) (definition of “relevant date”) for...
56.In section 433(3)(a) (admissibility of evidence in statement of affairs...
57.(1) Section 434B (representation of companies at meetings) is amended...
58.In Schedule 8, after paragraph 9 insert— Provision about how a company's creditors may nominate a person...
59.(1) Paragraph 10 of Schedule 8 (power to make provision...
Individual voluntary arrangements
61.(1) Section 256 (nominee's report on debtor's proposal) is amended...
62.(1) Section 256A (nominee's report on debtor's proposal) is amended...
63.In the heading before section 257, for “meeting” substitute “...
64.(1) Section 257 (summoning of creditors' meeting) is amended as...
65.(1) Section 258 (decision of creditors' meeting) is amended as...
66.(1) Section 259 (report of decisions to court) is amended...
67.(1) Section 260 (effect of approval) is amended as follows....
68.(1) Section 261 (additional effect on undischarged bankrupt) is amended...
69.(1) Section 262 (challenge of meeting's decision) is amended as...
70.In section 262B(1) (prosecution of delinquent debtors), for “creditors' meeting...
71.In section 262C (arrangements coming to an end prematurely), for...
72.In section 263(1) (implementation and supervision of approved voluntary arrangement),...
73.In section 276(1)(b)(ii) (default in connection with voluntary arrangement) for...
74.In section 283(4)(a) (definition of bankrupt's estate), for the words...
75.In section 287(3)(c) (powers of interim receiver), for “summon a...
76.In section 296(5) (trustee to give notice relating to creditors'...
77.(1) Section 298 (trustee's vacation of office) is amended as...
78.(1) Section 299 (release of trustee) is amended as follows....
79.(1) Section 300 (vacancy in office of trustee) is amended...
80.(1) Section 301 (creditors' committees) is amended as follows.
81.In section 314(7) (trustee's power and duty to summon creditors'...
82.In section 330 (final distribution), after subsection (1) insert—
84.In section 332(2) (bankrupt's home), for “summon a meeting under...
85.In section 356(2)(c) (offence of making false statements)—
86.In Schedule 9, after paragraph 12 insert— Provision about how a bankrupt's creditors may appoint a person...
1.The Insolvency Act 1986 is amended as provided in paragraphs...
2.In section 286(3) (interim receiver to have powers and duties...
3.(1) Section 287 (receivership pending appointment of first trustee) is...
4.Omit section 291(1) to (3) (bankrupt's duty to deliver possession...
5.(1) Section 292 (power to make appointments) is amended as...
6.Omit sections 293 to 295 (meeting of creditors to appoint...
7.In section 296 (appointment of trustee by Secretary of State)—...
9.(1) Section 298 (removal of trustees) is amended as follows....
10.Omit paragraph 10 of Schedule 9 (exercise by official receiver...
Single regulator of insolvency practitioners: supplementary provision
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: