Application of the Companies ActsU.K.
General application of the Companies ActsU.K.
18.—(1) Subject to the following regulations, the provisions of the Companies Acts apply to a registered company, and to its members and contributories, in the same manner as if it had been formed and registered under the Companies Act 2006.
(2) References in this and the following regulations to the Companies Acts—
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)do not include Part 2 of the Companies (Audit, Investigation and Community Enterprise) Act 2004 (community interest companies).
Textual Amendments
Marginal Citations
ExclusionsU.K.
19.—(1) The model articles of association prescribed by the Secretary of State under section 19 of the Companies Act 2006 do not apply unless adopted by special resolution.
(2) Provisions relating to the numbering of shares do not apply to a joint stock company whose shares are not numbered.
Restrictions on power to alter company's constitutionU.K.
20.—(1) Subject to the provisions of this Part, the company does not have power—
(a)to alter any provision contained in an enactment relating to the company,
(b)without the consent of the Secretary of State, to alter any provision contained in letters patent relating to the company.
(2) The company does not have power to alter any provision contained in a royal charter or letters patent with respect to the company's objects.
(3) Where by virtue of paragraph (1) or (2) a company does not have power to alter a provision, it does not have power to ratify acts of the directors in contravention of the provision.
Provisions as to capital structureU.K.
21. The provisions with respect to—
(a)the re-registration of an unlimited company as limited,
(b)the powers of an unlimited company on re-registration as a limited company to provide that a portion of its share capital shall not be capable of being called up except in the event of winding up, and
(c)the power of a limited company to determine that a portion of its share capital shall not be capable of being called up except in that event,
apply notwithstanding any provisions contained in any enactment, royal charter or other instrument constituting or regulating the company.
Saving for other powers to alter company's constitutionU.K.
22.—(1) Except as mentioned in paragraph (2), none of the provisions of this Part or of the Companies Acts affects any power of altering the company's constitution or regulations vested in the company by virtue of any enactment or other instrument constituting or regulating it.
(2) Paragraph (1) does not apply to the power of the court under section 996(2) of the Companies Act 2006 (protection of members against unfair prejudice: power of court to regulate the conduct of the company's affairs).
Status of banking company in ScotlandU.K.
23. A banking company in Scotland that is incorporated by virtue of registration under these Regulations is deemed a bank incorporated, constituted or established by or under an Act of Parliament.