Companies Act 1989

Contents

2,757 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1. Part I · Company Accounts
   1. Introduction
   2. Consequential amendments
   3. Exemptions and special provisions
   4. Provisions applying to companies generally
   5. Supplementary provisions
2. Part II · Eligibility for Appointment as Company Auditor
   1. Introduction
   2. Offences
   3. Duties of recognised bodies
   4. Eligibility for appointment
   5. Recognition of supervisory bodies and professional qualifications
   6. Supplementary provisions
3. Part III · Investigations and Powers to Obtain Information
   1. Amendments of other enactments
   2. Amendments of the Companies Act 1985
   3. Amendments of the Financial Services Act 1986
   4. Powers exercisable to assist overseas regulatory authorities
4. Part V · Other amendments of Company Law
   1. Miscellaneous
   2. A company’s capacity and related matters
   3. Appointment and removal of auditors and related matters
   4. Company records and related matters
   5. De-regulation of private companies
5. Part VI · Mergers and Related Matters
   1. 146 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   2. 147 Undertakings as alternative to merger reference.
   3. 148 Enforcement of undertakings.
   4. 149 Temporary restrictions on share dealings.
   5. 150 Obtaining control by stages.
   6. 151 False or misleading information.
   7. 152 Fees.
   8. 153 Other amendments about mergers and related matters.
6. Part VII · Financial Markets and Insolvency
   1. Introduction
   2. Market charges
   3. Market property
   4. Other exchanges and clearing houses
   5. Recognised bodies
   6. Supplementary provisions
7. Part VIII · Amendments of the Financial Services Act 1986
   1. 192 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   2. 193 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   3. 194 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   4. 195 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   5. 196 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   6. 197 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   7. 198 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   8. 199 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   9. 200 Jurisdiction of High Court and Court of Session.
   10. 201 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   11. 202 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   12. 203 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   13. 204 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   14. 205 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   15. 206 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Part IX · Transfer of Securities
   1. 207 Transfer of securities.
9. Part X · Miscellaneous and General Provisions
   1. General
   2. Miscellaneous
10. Schedule 1
    1. (1) Schedule 4 to the Companies Act 1985 (form and content of company accounts) is amended as follows.
    2. Group undertakings
    3. Participating interests
    4. Consistency of accounting policies
    5. Revaluation reserve
    6. Compliance with accounting standards
    7. Provision for taxation
    8. Loans in connection with assistance for purchase of company’s own shares
    9. Obligation to show corresponding amounts for previous financial year
    10. Special provisions where company is parent company or subsidiary undertaking
11. Schedule 2
    1. General rules
    2. Elimination of group transactions
    3. Acquisition and merger accounting
    4. Minority interests
    5. Interests in subsidiary undertakings excluded from consolidation
    6. Joint ventures
    7. Associated undertakings
12. Schedule 3
    1. Part I Companies not Required to Prepare Group Accounts
    2. Part II Companies Required to Prepare Group Accounts
13. Schedule 4
    1. (1) Schedule 6 to the Companies Act 1985 is amended as follows.
    2. (2) For the heading substitute— “”
    3. (3) Insert the following provisions (which reproduce, with amendments, the former Part V of Schedule 5 to that Act) as Part I— “1 1 The aggregate amount of dire
    4. (4)
    5. (5) In paragraph 14 (renumbered 27), make the existing provision sub-paragraph (1) and after it insert— “2 In this Part of this Schedule “director” includes a s
    6. (6)
    7. (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Schedule 5
    1. (1) Schedule 7 to the Companies Act 1985 (matters to be included in directors’ report) is amended as follows.
    2. Subsidiary undertakings
    3. Directors’ interests
15. Schedule 6
    1. Part I Small Companies
    2. Part II Small Companies
    3. Part III Supplementary Provisions
16. Schedule 7
    1. Part I Form and Content of Accounts
    2. Part II [Part II of Schedule 9 to the Companies Act 1985]
    3. Part III [Part III of Schedule 9 to the Companies Act 1985]
    4. Part IV [Part IV of Schedule 9 to the Companies Act 1985]
    5. Preliminary
17. Schedule 8
    1. Recent issues
    2. Turnover and profitability
    3. Labour force and wages paid
18. Schedule 9
    1. Introduction
    2. Voting rights in an undertaking
    3. Right to appoint or remove a majority of the directors
    4. Right to exercise dominant influence
    5. Rights exercisable only in certain circumstances or temporarily incapable of exercise
    6. Rights held by one person on behalf of another
    7. Rights attached to shares held by way of security
    8. Rights attributed to parent undertaking
    9. Disregard of certain rights
    10. Supplementary
19. Schedule 10 · Amendments Consequential on Part I
    1. Part I Amendments of the Companies Act 1985
    2. Part II Amendments of Other Enactments
20. Schedule 11
    1. Part 3 Arrangements in which supervisory bodies are required to participate
    2. Part I Grant and Revocation of Recognition
    3. Part II Requirements for Recognition
21. Schedule 12
    1. Part I Grant and Revocation of Recognition
    2. Part II Requirements for Recognition
22. Schedule 13
    1. Operation of this Schedule
    2. Status
    3. Name, members and chairman
    4. Financial provisions
    5. Proceedings
    6. Fees
    7. Legislative functions
    8. Report and accounts
    9. Other supplementary provisions
23. Schedule 14 · Supervisory and qualifying bodies: Restrictive practices
    1. Part I Prevention of restrictive practices
    2. Part II Consequential Exemptions from Competition Law
24. Schedule 15 · Charges on Property of Oversea Companies
25. Schedule 17 · Company Contracts, Seals, &c.: Further Provisions
    1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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    7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26. Schedule 18 · “Subsidiary” and related expressions: consequential amendments and savings
    1. Coal Industry Nationalisation Act 1946 (c. 59)
    2. Electricity Act 1947 (c. 54)
    3. Landlord and Tenant Act 1954 (c. 56)
    4. Transport Act 1962 (c. 46)
    5. Harbours Act 1964 (c. 40)
    6. General Rate Act 1967 (c. 9)
    7. Transport Act 1968 (c. 73)
    8. Post Office Act 1969 (c. 48)
    9. Industry Act 1972 (c. 63)
    10. Coal Industry Act 1973 (c. 8)
    11. Industry Act 1975 (c. 68)
    12. Scottish Development Agency Act 1975 (c. 69)
    13. Welsh Development Agency Act 1975 (c. 70)
    14. Restrictive Trade Practices Act 1976 (c. 41)
    15. Industrial Common Ownership Act 1976 (c. 78)
    16. Aircraft and Shipbuilding Industries Act 1977 (c. 3)
    17. Nuclear Industry (Finance) Act 1977 (c. 7)
    18. Coal Industry Act 1977 (c. 39)
    19. Shipbuilding (Redundancy Payments) Act 1978 (c. 11)
    20. Capital Gains Tax Act 1979 (c. 14)
    21. Crown Agents Act 1979 (c. 43)
    22. Competition Act 1980 (c. 21)
    23. British Aerospace Act 1980 (c. 26)
    24. Local Government, Planning and Land Act 1980 (c. 65)
    25. British Telecommunications Act 1981 (c. 38)
    26. Transport Act 1981 (c. 56)
    27. Value Added Tax Act 1983 (c. 55)
    28. Telecommunications Act 1984 (c. 12)
    29. London Regional Transport Act 1984 (c. 32)
    30. Inheritance Tax Act 1984 (c. 51)
    31. Ordnance Factories and Military Services Act 1984 (c. 59)
    32. Companies Act 1985 (c. 6)
    33. Transport Act 1985 (c. 67)
    34. Housing Act 1985 (c. 68)
    35. Housing Associations Act 1985 (c. 69)
    36. Atomic Energy Authority Act 1986 (c. 3)
    37. Airports Act 1986 (c. 31)
    38. Gas Act 1986 (c. 44)
    39. Building Societies Act 1986 (c. 53)
    40. Income and Corporation Taxes Act 1988 (c. 1)
    41. British Steel Act 1988 (c. 35)
27. Schedule 19 · Minor amendments of the Companies Act 1985
    1. Correction of cross-reference
    2. Particulars to be given of directors and secretaries
    3. Transactions with directors not requiring authorisation
    4. Time limit for holding extraordinary general meeting convened on members’ requisition
    5. Removal of restriction on transfer of shares
    6. Protection of company’s members against unfair prejudice
    7. Requirements for registration by joint stock companies
    8. Delivery of documents by oversea companies
    9. Companies’ registered numbers
    10. Exemptions from limit of 20 on members of partnership
    11. Meaning of “officer who is in default”
    12. Offences committed by partnerships and other unincorporated bodies
    13. Meaning of “office copy” in Scotland
    14. Index of defined expressions
    15. Fraudulent trading by unregistered companies
28. Schedule 20 · Amendments about mergers and related matters
    1. Fair Trading Act 1973 (c. 41)
    2. Competition Act 1980 (c. 21)
    3. Telecommunications Act 1984 (c. 12)
    4. Financial Services Act 1986 (c. 60)
29. Schedule 21
    1. Part I U.K. investment exchanges
    2. Part II U.K. clearing houses
    3. Part III Overseas investment exchanges and clearing houses
30. Schedule 22
    1. Introductory
    2. Recognised investment exchanges and clearing houses
    3. Market charges
    4. Supplementary provisions
31. Schedule 23
    1. Part I General Amendments
    2. Part II Amendments Relating to Friendly Societies
32. Schedule 24 · Repeals