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House of Commons

Session 2005 - 06 Internet Publications Other Bills before Parliament

Company Law Reform Bill [HL] (l-lvi)

Company Law Reform Bill [HL] (changed to Companies Bill [HL]) l
Part 38
Companies: interpretation
Meaning of "subsidiary" and related expressions
1124    Meaning of “subsidiary” etc
1125    Meaning of “subsidiary” etc: power to amend
Meaning of "undertaking" and related expressions
1126    Meaning of “undertaking” and related expressions
1127    Parent and subsidiary undertakings
Other definitions
1128    Meaning of “banking company” and “banking group”
1129    Meaning of “insurance company” and related expressions
1130    “Employees’ share scheme”
1131    Meaning of “prescribed”
1132    Hard copy and electronic form and related expressions
1133    Classes of shares
1134    Dormant companies
1135    Meaning of “EEA State” and related expressions
1136    The former Companies Acts
General
1137    References to requirements of this Act
1138    Minor definitions: general
1139    Index of defined expressions
Part 39
Companies: minor amendments
1140    Power of Secretary of State to bring civil proceedings on company’s behalf
1141    Repeal of certain provisions about company directors
1142    Repeal of requirement that certain companies publish periodical statement
1143    Repeal of requirement that Secretary of State prepare annual report
1144    Repeal of certain provisions about company charges
1145    Access to constitutional documents of RTE and RTM companies
Part 40
Company directors: foreign disqualification etc
Introductory
1146    Persons subject to foreign restrictions
1147    Meaning of “the court” and “UK company”
Company Law Reform Bill [HL] (changed to Companies Bill [HL]) li
Power to disqualify
1148    Disqualification of persons subject to foreign restrictions
1149    Disqualification regulations: supplementary
1150    Offence of breach of disqualification
Power to make persons liable for company’s debts
1151    Personal liability for debts of company
Power to require statements to be sent to the registrar of companies
1152    Statements from persons subject to foreign restrictions
1153    Statements from persons disqualified
1154    Statements: whether to be made public
1155    Offences
Part 41
Business names
Chapter 1
Restricted or prohibited names
Introductory
1156    Application of this Chapter
Sensitive words or expressions
1157    Name suggesting connection with government or public authority
1158    Other sensitive words or expressions
1159    Requirement to seek comments of government department or other relevant
body
1160    Withdrawal of Secretary of State’s approval
Misleading names
1161    Name containing inappropriate indication of company type or legal form
1162    Name giving misleading indication of activities
Supplementary
1163    Savings for existing lawful business names
Chapter 2
Disclosure required in case of individual or partnership
Introductory
1164    Application of this Chapter
1165    Information required to be disclosed
Company Law Reform Bill [HL] (changed to Companies Bill [HL]) lii
Disclosure requirements
1166    Disclosure required: business documents etc
1167    Exemption for large partnerships if certain conditions met
1168    Disclosure required: business premises
Consequences of failure to make required disclosure
1169    Criminal consequences of failure to make required disclosure
1170    Civil consequences of failure to make required disclosure
Chapter 3
Supplementary
1171    Application of general provisions about offences
1172    Interpretation
Part 42
Statutory Auditors
Chapter 1
Introductory
1173    Main purposes of Part
1174    Meaning of “statutory auditor” etc
1175    Eligibility for appointment as a statutory auditor: overview
Chapter 2
Individuals and firms
Eligibility for appointment
1176    Individuals and firms: eligibility for appointment as a statutory auditor
1177    Effect of ineligibility
Independence requirement
1178    Independence requirement
1179    Effect of lack of independence
Effect of appointment of a partnership
1180    Effect of appointment of a partnership
Supervisory bodies
1181    Supervisory bodies
1182    Exemption from liability for damages
Company Law Reform Bill [HL] (changed to Companies Bill [HL]) liii
Professional qualifications
1183    Appropriate qualifications
1184    Qualifying bodies and recognised professional qualifications
1185    Approval of overseas qualifications
1186    Eligibility of individuals retaining only 1967 Act authorisation
Information
1187    Matters to be notified to the Secretary of State
1188    The Secretary of State’s power to call for information
Enforcement
1189    Compliance orders
Chapter 3
Auditors General
Eligibility for appointment
1190    Auditors General: eligibility for appointment as a statutory auditor
Conduct of audits
1191    Individuals responsible for audit work on behalf of Auditors General
The Independent Supervisor
1192    Appointment of the Independent Supervisor
Supervision of Auditors General
1193    Supervision of Auditors General by the Independent Supervisor
1194    Duties of Auditors General in relation to supervision arrangements
Reporting requirement
1195    Reports by the Independent Supervisor
Information
1196    Matters to be notified to the Independent Supervisor
1197    The Independent Supervisor’s power to call for information
Enforcement
1198    Suspension notices
1199    Effect of suspension notices
1200    Compliance orders
Proceedings
1201    Proceedings involving the Independent Supervisor
Company Law Reform Bill [HL] (changed to Companies Bill [HL]) liv
Grants
1202    Grants to the Independent Supervisor
Chapter 4
The register of auditors etc
1203    The register of auditors
1204    Information to be made available to public
Chapter 5
Registered third country auditors
Introductory
1205    Meaning of “third country auditor”, “registered third country auditor” etc
Duties
1206    Duties of registered third country auditors
Information
1207    Matters to be notified to the Secretary of State
1208    The Secretary of State’s power to call for information
Enforcement
1209    Compliance orders
1210    Removal of third country auditors from the register of auditors
1211    Grants to bodies concerned with arrangements under Schedule 12
Chapter 6
Supplementary and general
Power to require second company audit
1212    Secretary of State’s power to require second audit of a company
1213    Supplementary provision about second audits
False and misleading statements
1214    Misleading, false and deceptive statements
Fees
1215    Fees
Delegation of Secretary of State’s functions
1216    Delegation of the Secretary of State’s functions
1217    Delegation of functions to an existing body
Company Law Reform Bill [HL] (changed to Companies Bill [HL]) lv
International obligations
1218    Directions to comply with international obligations
General provision relating to offences
1219    Offences by bodies corporate, partnerships and unincorporated associations
1220    Time limits for prosecution of offences
1221    Jurisdiction and procedure in respect of offences
Notices etc
1222    Service of notices
1223    Documents in electronic form
Interpretation
1224    Meaning of “associate”
1225    Minor definitions
1226    Index of defined expressions
Miscellaneous and general
1227    Power to make provision in consequence of changes affecting accountancy
bodies
1228    Consequential amendments
Part 43
Transparency obligations and related matters
Introductory
1229    The transparency obligations directive
Transparency obligations
1230    Transparency rules
1231    Competent authority’s power to call for information
1232    Powers exercisable in case of infringement of transparency obligation
Other matters
1233    Corporate governance rules
1234    Liability for false or misleading statements in certain publications
1235    Exercise of powers where UK is host member state
1236    Transparency obligations and related matters: minor and consequential
amendments
1237    Corporate governance regulations
Company Law Reform Bill [HL] (changed to Companies Bill [HL]) lvi
Part 44
Miscellaneous provisions
Regulation of actuaries etc
1238    Grants to bodies concerned with actuarial standards etc
1239    Levy to pay expenses of bodies concerned with actuarial standards etc
1240    Application of provisions to Scotland and Northern Ireland
Information as to exercise of voting rights by institutional investors
1241    Power to require information about exercise of voting rights
1242    Institutions to which information provisions apply
1243    Shares to which information provisions apply
1244    Obligations with respect to provision of information
Disclosure of information under the Enterprise Act 2002
1245    Disclosure of information under the Enterprise Act 2002
Expenses of winding up
1246    Payment of expenses of winding up
Commonhold associations
1247    Amendment of memorandum or articles of commonhold association
Part 45
Northern Ireland
1248    Extension of Companies Acts to Northern Ireland
1249    Extension of GB enactments relating to SEs
1250    Extension of GB enactments relating to certain other forms of business
organisation
1251    Extension of enactments relating to business names
Part 46
General supplementary provisions
Regulations and orders
1252    Regulations and orders: statutory instrument
1253    Regulations and orders: negative resolution procedure
1254    Regulations and orders: affirmative resolution procedure
1255    Regulations and orders: approval after being made
1256    Regulations and orders: supplementary
Meaning of "enactment"
1257    Meaning of “enactment”

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