The Companies (Unregistered Companies) (Amendment No. 2) Regulations 1990

Statutory Instruments

1990 No. 1394

COMPANIES

The Companies (Unregistered Companies) (Amendment No. 2) Regulations 1990

Made

9th July 1990

Laid before Parliament

10th July 1990

Coming into force

31st July 1990

The Secretary of State, in exercise of the powers conferred by section 718 of and Schedule 22 to the Companies Act 1985(1) and of all other powers enabling him in that behalf, hereby makes the following Regulations:

1.  These Regulations may be cited as the Companies (Unregistered Companies) (Amendment No. 2) Regulations 1990 and shall come into force on 31st July 1990.

2.  The Companies (Unregistered Companies) Regulations 1985(2) are hereby amended as follows:

(a) in Regulation 6(d), the words “36 to 36B,” shall be inserted before the words “40 and 186”; and

(b) in the entry in the Schedule relating to Part I of the Companies Act 1985, for the entry relating to section 36(4) there shall be substituted the following entry:

“sections 36 to 36C ... ... ... ... Company contracts and execution of documents by companies.”

John Redwood

Parliamentary Under-Secretary of State,

Department of Trade and Industry

9th July 1990

Explanatory Note

(This note is not part of the Order)

These Regulations amend the Companies (Unregistered Companies) Regulations 1985, which apply certain provisions of the Companies Act 1985 to unregistered companies. The amendments have the effect of applying to such companies the new provisions relating to company contracts and execution of documents inserted into the Companies Act 1985 by the Companies Act 1989. These provisions include the abolition of the requirement to have a corporate seal.

(1)

1985 c. 6; Schedule 22 has been amended by provisions contained in the Financial Services Act 1986 (c. 60) and the Companies Act 1989 (c. 40); of those amendments those effected by section 130 of the 1989 Act (which inserts references to sections 36 to 36C into the Schedule) are relied upon in the making of this Order.

(2)

S.I. 1985/680, to which there are no amendments relevant to this Order.