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Company Law - Statutes

edited by D.G.Cracknell

Theft Act 1968:

Publication of false or misleading statements by a company's officers with intent to deceive members or creditors is punishable by up to 7 years imprisonment.

Companies Act 1985:

the main body of company law

Part § heading I 1 Formation and registration of companies; juridical status and membership III 43 Reregistration as a means of altering a company's status IV 80 Allotment of shares and debentures V 117 Share Capital, its increase, maintenance and reduction VI 198 Disclosure of interests in shares VII 221 Accounts and audit VIII 263 Distribution of profits and assets IX 282 A company's management; directors and secretaries; their qualifications, duties and responsibilities X 311 Enforcement of fair dealing by directors XI 348 Company administration and procedure XII 395 Registration of charges XIII 425 Arrangements and reconstructions XIIIA 428 Takeover offers XIV 431 Investigation of companies and their affairs; requisition of documents XV 454 Orders imposing restriction on shares (sections 210, 216, 445) XVI 458 Fraudulent trading by a company XVII 459 Protection of a company's members against unfair prejudice XXII 675 Bodies corporate subject, or becoming subject to this act (otherwise than by original formation under part I) XXIV 704 The registrar of companies, his function and offices XXV 716 miscellaneous and supplementary provisions XXVI 735 Interpretation Schedule 1 Particulars of directors, etc., to be contained in statement under section 10 Schedule 13 Provisions supplementing and interpreting sections 324 to 328 Schedule 15A Written resolutions of private companies Schedule 15B Provisions, subject to which ss425-427 have effect in their application to mergers and divisions of public companies.

Business Names Act 1985

Certain words or expressions may not be used in business names used in GB without special permission.

1 Persons subject to this Act: those doing business in Great Britain using a name other than their own or the registered name of a company. 2 Prohibition of use of certain business names The approval of the Secretary of State is required to use a name which suggests a connection with HMG or a local authority, or which is specified in regulations.

3 Words and expressions requiring Secretary of State's approval The secretary specifies the restricted words and designates the approval authority. 4 Disclosure required of persons using business names The registered company name and address must be displayed on business related documents and disclosed on request.

5 Civil remedies for breach of s4. Rights arising from contracts entered into while in breach may not be enforceable. 6 Regulations 7 Offenses Offenses are punishable as is any consenting or negligent officer. 8 Interpretation "Business" includes "profession".

Companies Consolidation (Consequential Provisions) Act 1985

This act clarifies the transitional arrangements to take effect as the company law acts coming into effect on 1st July 1985 supercede their predecessors.

Insolvency Act 1986:

Concerning insolvency and winding up of companies and individuals.

First group of parts Part I Company voluntary arrangements Part II Administration Orders Part III Receivership Part IV Winding up of companies registered under the companies acts Part VI Miscellaneous provisions applying to companies which are insolvent or in liquidation Part VII Interpretation for first group of parts

Third group of parts Part XII Preferential debts in company and individual insolvency Part XIII Insolvency practitioners and their qualification Part XIV Provisions against debt avoidance Part XVII Miscellaneous and general Part XVIII Interpretation

Schedule 1 Powers of administrator or administrative receiver

Schedule 4 Powers of liquidator in winding up

Company Directors Disqualification Act 1986:

Detailed prescriptions concerning the disqualification of unfit directors.

Financial Services Act 1986:

This act primarily concerns the official listing of securities.

Criminal Justice Act 1987:

This act is concerned with the establishment of the serious fraud office. It defines the director's investigative powers and limits the disclosure of information obtained using those powers.

Companies Act 1989:

This act prescribes conditions for elegibility for appointment as a company auditor.

Criminal Justice Act 1993:

This act is concerned with insider dealing which is defined and made an offense.

Public Offer of Securities Regulations 1985:

This act is concerned with the information which is made available (primarily in the prospectus) when securities are offered to the public.

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© created 1998/02/09 modified 1998/03/16