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Session 2005 - 06
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Other Bills before Parliament

Company Law Reform Bill [HL] (xliii-xlix)


Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xliii

 

“Sell-out”

950   

Right of minority shareholder to be bought out by offeror

951   

Further provision about rights conferred by section 950

952   

Effect of requirement under section 950

Supplementary

953   

Applications to the court

954   

Joint offers

Interpretation

955   

Associates

956   

Convertible securities

957   

Debentures carrying voting rights

958   

Interpretation

Chapter 4

Amendments to Part 7 of the Companies Act 1985

959   

Matters to be dealt with in directors’ report

Part 29

Fraudulent trading

960   

Offence of fraudulent trading

Part 30

Protection of members against unfair prejudice

Main provisions

961   

Petition by company member

962   

Petition by Secretary of State

963   

Powers of the court under this Part

Supplementary provisions

964   

Application of rule-making powers

965   

Copy of order affecting company’s articles to be delivered to registrar

 
 

Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xliv

 

Part 31

Dissolution and restoration to the register

Chapter 1

Striking off

Registrar’s power to strike off defunct company

966   

Power to strike off company not carrying on business or in operation

967   

Duty to act in case of company being wound up

968   

Supplementary provisions as to service of letter or notice

Voluntary striking off

969   

Striking off on application by company

970   

Circumstances in which application not to be made: activities of company

971   

Circumstances in which application not to be made: other proceedings not

concluded

972   

Copy of application to be given to members, employees, etc

973   

Copy of application to be given to new members, employees, etc

974   

Copy of application: provisions as to service of documents

975   

Circumstances in which application to be withdrawn

976   

Withdrawal of application

977   

Meaning of “creditor”

Chapter 2

Property of dissolved company

Property vesting as bona vacantia

978   

Property of dissolved company to be bona vacantia

979   

Crown disclaimer of property vesting as bona vacantia

980   

Effect of Crown disclaimer

Effect of Crown disclaimer: England and Wales and Northern Ireland

981   

General effect of disclaimer

982   

Disclaimer of leaseholds

983   

Power of court to make vesting order

984   

Protection of persons holding under a lease

985   

Land subject to rentcharge

Effect of Crown disclaimer: Scotland

986   

General effect of disclaimer

987   

Power of court to make vesting order

988   

Protection of persons holding under a lease

Supplementary provisions

989   

Liability for rentcharge on company’s land after dissolution

 
 

Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xlv

 

Chapter 3

Restoration to the register

Administrative restoration to the register

990   

Application for administrative restoration to the register

991   

Requirements for administrative restoration

992   

Application to be accompanied by statement of compliance

993   

Registrar’s decision on application for administrative restoration

994   

Effect of administrative restoration

Restoration to the register by the court

995   

Application to court for restoration to the register

996   

When application to the court may be made

997   

Decision on application for restoration by the court

998   

Effect of court order for restoration to the register

Supplementary provisions

999   

Company’s name on restoration

1000   

Effect of restoration to the register where property has vested as bona

vacantia

Part 32

Company investigations: amendments

1001   

Powers of Secretary of State to give directions to inspectors

1002   

Resignation, removal and replacement of inspectors

1003   

Power to obtain information from former inspectors etc

1004   

Power to require production of documents

1005   

Disqualification orders: consequential amendments

Part 33

UK companies not formed under the Companies Acts

Chapter 1

Companies not formed under the Companies Acts but authorised to register

1006   

Companies authorised to register under the Companies Acts

1007   

Definition of “joint stock company”

1008   

Power to make provision by regulations

1009   

Application of provisions to existing companies

Chapter 2

Unregistered companies

1010   

Unregistered companies

 
 

Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xlvi

 

Part 34

Overseas companies

Introductory

1011   

Overseas companies

Registration of particulars

1012   

Duty to register particulars

1013   

Registered name of overseas company

1014   

Registration under alternative name

Other requirements

1015   

Accounts and reports: general

1016   

Accounts and reports: credit or financial institutions

1017   

Trading disclosures

1018   

Other returns etc

1019   

UK branch registers of overseas companies

Supplementary

1020   

Offences

1021   

Disclosure of individual’s residential address: protection from disclosure

1022   

Requirement to identify persons authorised to accept service of documents

1023   

Registrar to whom returns, notices etc to be delivered

1024   

Duty to give notice of ceasing to have registrable presence

1025   

Application of provisions in case of relocation of branch

Part 35

The registrar of companies

The registrar

1026   

The registrar

1027   

The registrar’s functions

1028   

The registrar’s official seal

1029   

Fees payable to registrar

Certificates of incorporation

1030   

Public notice of issue of certificate of incorporation

1031   

Right to certificate of incorporation

Registered numbers

1032   

Company’s registered numbers

1033   

Registered numbers of branches of overseas company

 
 

Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xlvii

 

Delivery of documents to the registrar

1034   

Registrar’s requirements

1035   

Power to require delivery by electronic means

1036   

Agreement for delivery by electronic means

1037   

Document not delivered until received

Defective delivery

1038   

Defective delivery

1039   

Informal correction of document

1040   

Voluntary replacement of document previously delivered

1041   

Exclusion of unnecessary material

1042   

Registrar’s notice to remedy defective delivery

Public notice of receipt of certain documents

1043   

Public notice of receipt of certain documents

1044   

Documents subject to Directive disclosure requirements

1045   

Effect of failure to give public notice

The register

1046   

The register

1047   

Annotation of the register

1048   

Allocation of unique identifiers

1049   

Preservation of original documents

1050   

Records relating to companies that have been dissolved etc

Inspection etc of the register

1051   

Inspection of the register

1052   

Right to copy of material on the register

1053   

Material not available for public inspection

1054   

Application to registrar to make address unavailable for public inspection

1055   

Form of application for inspection or copy

1056   

Form and manner in which copies to be provided

1057   

Certification of copies as accurate

1058   

Issue of process for production of records kept by the registrar

Correction or removal of material on the register

1059   

Registrar’s notice to resolve inconsistency on the register

1060   

Administrative removal of material from the register

1061   

Rectification of register on application to registrar

1062   

Rectification of the register under court order

1063   

Powers of court on ordering removal of material from the register

1064   

Public notice of removal of certain material from the register

The registrar’s index of company names

1065   

The registrar’s index of company names

1066   

Right to inspect index

1067   

Power to amend enactments relating to bodies other than companies

 
 

Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xlviii

 

Language requirements: translation

1068   

Application of language requirements

1069   

Documents to be drawn up and delivered in English

1070   

Documents relating to Welsh companies

1071   

Documents that may be drawn up and delivered in other languages

1072   

Voluntary filing of translations

1073   

Certified translations

Language requirements: transliteration

1074   

Transliteration of names and addresses: permitted characters

1075   

Transliteration of names and addresses: voluntary transliteration into Roman

characters

1076   

Transliteration of names and addresses: certification

Supplementary provisions

1077   

General false statement offence

1078   

Enforcement of company’s filing obligations

1079   

Application of provisions about documents and delivery

1080   

Provisions requiring copies of court orders to be delivered to the registrar

1081   

Supplementary provisions relating to electronic communications

1082   

Alternative to publication in the Gazette

1083   

Registrar’s rules

1084   

Payments into the Consolidated Fund

1085   

Contracting out of registrar’s functions

1086   

Application of Part to overseas companies

Part 36

Offences under the Companies Acts

Liability of officer in default

1087   

Liability of officer in default

1088   

Liability of company as officer in default

1089   

Application to bodies other than companies

Offences under the Companies Act 1985

1090   

Amendments of the Companies Act 1985

General provisions

1091   

Meaning of “daily default fine”

1092   

Consents required for certain prosecutions

1093   

Summary proceedings: venue

1094   

Summary proceedings: time limit for proceedings

1095   

Legal professional privilege

1096   

Proceedings against unincorporated bodies

1097   

Imprisonment on summary conviction in England and Wales: transitory

provision

 
 

Company Law Reform Bill [HL] (changed to Companies Bill [HL])

xlix

 

Production and inspection of documents

1098   

Production and inspection of documents where offence suspected

Supplementary

1099   

Transitional provision

Part 37

Companies: supplementary provisions

Company records

1100   

Meaning of “company records”

1101   

Form of company records

1102   

Regulations about inspection of records and provision of copies

1103   

Duty to take precautions against falsification

Service addresses

1104   

Service of documents on company

1105   

Service of documents on directors, secretaries and others

1106   

Service addresses

1107   

Requirement to give service address

Sending or supplying documents or information

1108   

The company communications provisions

1109   

Sending or supplying documents or information

1110   

Construction of provisions about documents or information sent or supplied

1111   

Right to hard copy version

1112   

Requirement of authentication

1113   

Deemed delivery of documents and information

1114   

Interpretation of company communications provisions

Requirements as to independent valuation

1115   

Application of valuation requirements

1116   

Valuation by qualified independent person

1117   

The independence requirement

1118   

Meaning of “associate”

1119   

Valuer entitled to full disclosure

Notice of appointment of certain officers

1120   

Duty to notify registrar of certain appointments etc

1121   

Offence of failure to give notice

Courts and legal proceedings

1122   

Meaning of “the court”

1123   

Power of court to grant relief in certain cases

 
 

 
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Revised 28 July 2006