§ Resolution reported,
| 1. That, upon the re-registration of a company under the Companies Act 1948 in pursuance of any provision included in an Act of this Session to amend the law relating to companies (hereinafter referred to as 'the new Act'), there shall— |
| (a) if the company is registered with limited liability and is to be re-registered as unlimited, be charged on articles lodged with the registrar of companies with the application for re-registration, a stamp duty of ten shillings; and |
| (b) if the company is unlimited and is to be re-registered with limited liability and a share capital, be charged on a statement of the amount of the share capital to be delivered to the registrar of companies the like ad valorem stamp duty as would be charged if the company were being registered under the Companies Act 1948 with limited liability and a share capital of that amount. |
| 2. That, in respect of the several matters mentioned in column 1 of the Table set out below, there shall be paid to the registrar of companies the several fees specified in column 2 of that Table, or such greater fees as may be specified in regulations made by the Board of Trade. |
| TABLE | |
| Matter in respect of which Fee is payable | Amount of Fee |
| For registration on its formation under the Companies Act 1948 of a company as one limited by shares, registration under that Act in pursuance of Part VIII thereof of a company as one so limited (not being a company in whose case the liability of the members thereof was, before registration in pursuance of that Part, limited by some other Act or by letters patent) or re-registration under the Companies Act 1948 in pursuance of the new Act of a company as one limited by shares. | If the nominal capital does not exceed £2,000, the sum of £20. |
| If the nominal capital exceeds £2,000 but does not exceed £5,000, the sum of £20 with the addition of £1 for each £1,000 or part of £1,000 of nominal capital in excess of £2,000. | |
| If the nominal capital exceeds £5,000 but does not exceed £100,000, the sum of £23 with the addition of 5s. for each £1,000 or part of £1,000 of nominal capital in excess of £5,000. | |
| If the nominal capital exceeds £100,000, the sum of £46 15s. 0d. with the addition of 1s. for each £1,000 or part of £1,000 of nominal capital in excess of £100,000. | |
| For registration on its formation under the Companies Act 1948 of a company as one not having a share capital, registration under that Act in pursuance of Part VIII thereof of a company as one limited by guarantee and not having a share capital or re-registration under that Act in pursuance of the new Act of a company as one so limited and not having a share capital. | If the number of members stated in the articles does not exceed 25, the sum of £20. |
| If the number of members stated in the articles exceeds 25, but does not exceed 100, the sum of £20 with the addition of £1 for each 25 members or fraction of 25 members in excess of the first 25. | |
| If the number of members stated in the articles exceeds 100 but is not stated to be unlimited the sum of £23 with the addition of 5s. for each 50 members or fraction of 50 members after the first 100. | |
| If the number of members is stated in the articles to be unlimited, the sum of £38. | |
| For registration on its formation under the Companies Act 1948 of a company as one limited by guarantee and having a share capital or as an unlimited one having a share capital, registration under that Act in pursuance of Part VIII thereof of a company as one so limited and having a share capital or re-registration under that Act in pursuance of the new Act of a company as one limited by guarantee and having a share capital. | The same amount as would be charged for registration if the company were limited by shares or the same amount as would be so charged if the company had not a share capital, whichever is the higher. |
| For re-registration of a company under the Companies Act 1948 in pursuance of the new Act as unlimited. | £5. |
| For registration of an increase in the share capital of a company. | An amount equal to the difference (if any) between the amount which, were the company being registered on its formation under the Companies Act 1948, would be payable by reference to its capital as increased and the amount which, were the company being so registered, would be payable by reference to its capital immediately before the increase. |
| Matter in respect of which Fee is payable | Amount of Fee |
| For registration of an increase in the membership of a company limited by guarantee or an unlimited company. | An amount equal to the difference (if any) between the amount which, were the company being registered on its formation under the Companies Act 1948 as a company limited by guarantee or as an unlimited company, would be payable by reference to its membership as increased and the amount which, were the company being so registered as such a company, would be payable by reference to its membership immediately before the increase. |
| For registration of a copy of an annual return or copies of documents delivered to the registrar of companies in compliance with section 410 of the Companies Act 1948. | £3. |
| For entering on the register the name of a company assumed by virtue of the passing of a special resolution by virtue of section 18(1) of the Companies Act 1948. | £10. |
§ 3. That it is expedient to authorise the payment into the Exchequer of fines imposed under any provision of the new Act.
§ Resolution read a Second time.
§ Question, That this House doth agree with the Committee in the said Resolution, put forthwith pursuant to Standing Order No.90 (Ways and Means Motions and Resolutions), and agreed to.