HC Deb 26 October 1989 vol 158 cc1130-257

As amended ( in the Standing Committee), further considered.

  1. Schedule 2
    1. SCHEDULE 4A TO THE COMPANIES ACT 1985
      2. c1130
    2. FORM AND CONTENT OF GROUP ACCOUNTS 188 words
  2. Clause 6
      3. cc1130-1
    1. ADDITIONAL DISCLOSURE REQUIRED IN NOTES TO ACCOUNTS 360 words
    c1131
  3. Schedule 3 7 words
    1. DISCLOSURE OF INFORMATION: RELATED UNDERTAKINGS
    2. PART I
      3. c1131
    3. COMPANIES NOT REQUIRED TO PREPARE GROUP ACCOUNTS 266 words
  4. Schedule 4
      5. c1132
    1. DISCLOSURE OF INFORMATION: EMOLUMENTS AND OTHER BENEFITS OF DIRECTORS AND OTHERS 241 words
  5. Clause 9
      6. c1132
    1. AUDITORS' REPORT 70 words
  6. Clause 10
      7. c1132
    1. PUBLICATION OF ACCOUNTS AND REPORTS 53 words
  7. Clause 11
      8. cc1132-3
    1. LAYING AND DELIVERING OF ACCOUNTS AND REPORTS 240 words
  8. Clause 12
      9. cc1133-6
    1. REMEDIES FOR FAILURE TO COMPLY WITH ACCOUNTING REQUIREMENTS 1,522 words
  9. Clause 14
      10. c1136
    1. DORMANT COMPANIES 289 words
  10. Schedule 7
      11. c1136
    1. SPECIAL PROVISIONS FOR BANKING AND INSURANCE COMPANIES AND GROUPS 124 words
  11. Clause 20
      12. c1137
    1. POWER TO ALTER ACCOUNTING REQUIREMENTS 45 words
  12. Clause 21
      13. c1137
    1. PARENT AND SUBSIDIARY UNDERTAKINGS 16 words
  13. Clause 22
      14. c1137
    1. OTHER INTERPRETATION PROVISIONS 133 words
  14. Schedule 10
      15. cc1137-41
    1. AMENDMENTS CONSEQUENTIAL ON PART I 1,632 words
        2. c1140
      1. 'Aircraft and Shipbuilding Industries Act 1977 (c.3) 84 words
        2. c1140
      2. Crown Agents Act 1979 (c.43) 77 words
        3. c1140
      3. 'Oil and Pipelines Act 1985 (c. 62) 60 words
        4. cc1140-1
      4. Patents, Designs and Marks Act 1986 (c. 39) 122 words
        5. c1141
      5. Income and Corporation Taxes Act 1987 (c.1) 69 words
        6. c1141
      6. Dartford-Thurrock Crossing Act 1988 (c.20) 79 words
  15. New Clause A
      16. cc1141-5
    1. POWER TO MAKE CONSEQUENTIAL AMENDMENTS 2,083 words
  16. New Clause 18
      17. c1145
    1. POWER TO MAKE PROVISION IN CONSEQUENCE OF CHANGES AFFECTING ACCOUNTANCY BODIES 111 words
  17. Clause 24
      18. c1145
    1. INTRODUCTION 32 words
  18. Schedule 11
      19. cc1145-52
    1. RECOGNITION OF SUPERVISORY BODY 186 words
        2. cc1145-52
      1. `Taking account of costs of compliance 3,754 words, 1 division
  19. Schedule 12
      20. cc1152-4
    1. RECOGNITION OF PROFESSIONAL QUALIFICATION 947 words
  20. Clause 43
      21. cc1154-5
    1. TIME LIMITS FOR PROSECUTION OF OFFENCES 299 words
  21. Clause 52
      22. c1155
    1. MINOR DEFINITIONS 29 words
  22. Clause 53
      23. c1155
    1. INDEX OF DEFINED EXPRESSIONS 19 words
  23. New Clause 45
      24. c1155
    1. INVESTIGATION OF UNREGISTERED COMPANIES 180 words
  24. New Clause 46
      25. cc1155-6
    1. AMENDMENT OF THE BUILDING SOCIETIES ACT 1986 381 words
  25. New Clause 47
      26. cc1156-7
    1. AMENDMENTS OF THE BANKING ACT 1987 282 words
  26. Clause 62
      27. c1157
    1. SECRETARY OF STATE'S POWER TO REQUIRE PRODUCTION OF DOCUMENTS 66 words
  27. Clause 64
      28. c1157
    1. PROVISION FOR SECURITY OF INFORMATION OBTAINED 23 words
  28. Clause 65
      29. c1157
    1. PUNISHMENT FOR DESTROYING, MUTILATING, &C. COMPANY DOCUMENTS 47 words
  29. Clause 84
      30. c1157
    1. EXERCISE OF POWERS IN RELATION TO NORTHERN IRELAND 41 words
  30. New Clause 20
      31. cc1158-9
    1. CHARGES REQUIRING REGISTRATION 14 words
        2. c1158
      1. Registration in the company charges register Introductory provisions 144 words
        2. cc1158-9
      2. Charges requiring registration 747 words
  31. New Clause 21
      32. c1159
    1. THE COMPANIES CHARGES REGISTER 13 words
        2. c1159
      1. The Companies Charges Register 160 words
  32. New Clause 22
      33. cc1160-1
    1. DELIVERY OF PARTICULARS FOR REGISTRATION 14 words
        2. c1160
      1. Company's duty to deliver particulars of charge for registration 262 words
        2. c1160
      2. Effect of failure to deliver particulars of registration 202 words
        3. cc1160-1
      3. Late delivery of particulars 528 words
  33. New Clause 23
      34. cc1161-2
    1. DELIVERY OF FURTHER PARTICULARS 14 words
        2. cc1161-2
      1. Delivery of further particulars 165 words
  34. New Clause 24
      35. c1162
    1. EFFECT OF OMISSIONS AND ERRORS IN REGISTERED PARTICULARS 14 words
        2. c1162
      1. Effect of omissions and errors in registered particulars 320 words
  35. New Clause 25
      36. cc1162-3
    1. MEMORANDUM OF CHARGE CEASING TO AFFECT COMPANY'S PROPERTY 13 words
        2. cc1162-3
      1. Memorandum of charge ceasing to affect company's property 269 words
  36. New Clause 26
      37. cc1163-4
    1. FURTHER PROVISIONS WITH RESPECT TO VOIDNESS OF CHARGES 14 words
      1. FURTHER PROVISIONS WITH RESPECT TO VOIDNESS OF CHARGES
          2. c1163
        1. Exclusion of voidness as against unregistered charges. 142 words
          2. c1163
        2. Restrictions on voidness by virtue of this Part. 73 words
          3. cc1163-4
        3. Effect of exercise of power of sale. 502 words
          4. c1164
        4. Effect of voidness on obligation secured 222 words
  37. New Clause 27
      38. cc1164-6
    1. ADDITIONAL INFORMATION TO BE REGISTERED 14 words
        2. cc1164-5
      1. Additional information to be registered Particulars of taking up of issue of debentures 132 words
        2. c1165
      2. Notice of appointment of receiver or manager, &c. 182 words
        3. cc1165-6
      3. Notice of crystallisation of floating charge, &c. 710 words
  38. New Clause 28
      39. cc1166-7
    1. COPIES OF INSTRUMENTS AND REGISTER TO BE KEPT BY THE COMPANY 13 words
        2. cc1166-7
      1. COPIES OF INSTRUMENTS AND REGISTER TO BE KEPT BY COMPANY 14 words
          2. cc1166-7
        1. Copies of instruments and register to be kept by company Duty to keep copies of instruments and register 143 words
          2. c1167
        2. Inspection of copies and register 224 words
  39. New Clause 29
      40. cc1167-8
    1. POWER TO MAKE FURTHER PROVISION BY REGULATIONS 14 words
        2. cc1167-8
      1. Supplementary provisions Power to make further provision by regulations. 361 words
  40. New Clause 30
      41. cc1168-9
    1. OTHER SUPPLEMENTARY PROVISIONS 14 words
        2. cc1168-9
      1. Date of creation of charge 228 words
          2. c1168
        1. Prescribed particulars and related expressions 175 words
          2. c1168
        2. Notice of matters disclosed on register 111 words
          3. cc1168-9
        3. Power of court to dispense with signature 204 words
    2. New Clause 31
        3. cc1169-70
      1. INTERPRETATION, & C. 14 words
          2. c1169
        1. Regulations 46 words
          2. c1169
        2. Minor definitions 248 words
          3. cc1169-70
        3. Index of defined expressions 181 words
    3. New Clause 32
        4. c1170
      1. CHARGES ON PROPERTY OF OVERSEAS COMPANY 102 words
    4. Schedule 16
        5. cc1170-4
      1. AMENDMENTS CONSEQUENTIAL TO PART IV 168 words
          2. c1170
        1. 'CHARGES ON PROPERTY OF OVERSEA COMPANIES 13 words
        2. CHAPTER III REGISTRATION OF CHARGES
            3. c1171
          1. Introductory provisions 140 words
            2. c1171
          2. Charges requiring registration 180 words
            3. c1171
          3. The register 90 words
            4. cc1171-2
          4. Company's duty to deliver particulars of charges for registration 323 words
            5. c1172
          5. Registrar to whom particulars, &c. to he delivered 263 words
            6. c1172
          6. Effect of failure to deliver particulars, late delivery and effect of errors and omissions 150 words
            7. c1172
          7. Delivery of further particulars or memorandum. 33 words
            8. cc1172-3
          8. Further provisions with respect to voidness of charges 126 words
            9. c1173
          9. Additional information to be registered 97 words
            10. c1173
          10. Copies of instruments and register to be kept by company. 81 words
            11. c1173
          11. Power to make further provision by regulations 88 words
            12. c1173
          12. Provisions as to situation of property 187 words
            13. cc1173-4
          13. Other supplementary provisions 204 words
    5. New Clause 33
        6. cc1174-6
      1. EFFECTING OF INSURANCE FOR OFFICERS AND AUDITORS OF COMPANY 150 words
          2. cc1174-6
        1. Insurance effected for officers or auditors 1,307 words
    6. New Clause 34
        7. cc1176-9
      1. COMPANY CONTRACIS AND EXECUTION OF DOCUMENTS BY COMPANIES 32 words
          2. c1177
        1. Company contracts: England and Wales. 79 words
          2. c1177
        2. Execution of documents England and Wales. 270 words
          3. cc1177-8
        3. Execution of documents: Scotland 380 words
          4. cc1178-9
        4. Pre-incorporation contracts, deeds and obligations 758 words
    7. New Clause 8
        8. cc1179-84
      1. DAMAGES 2,579 words
  41. New Clause 9
      42. cc1185-95
    1. EMPLOYEES' RIGHTS TO INFORMATION 5,912 words, 1 division
  42. New clause 52
      43. c1195
    1. ORDERS IMPOSING RESTRICTIONS ON SHARES 180 words
  43. New clause 49
      44. cc1195-6
    1. ISSUE OF REDEEMABLE SHARES 42 words
        2. c1196
      1. Terms and manner of redemption 289 words
  44. New Schedule 151
    1. `COMPANY CONTRAUIS, SEALS, &C.: FURTHER PROVISIONS
        2. c1196
      1. Execution of deeds abroad 76 words
        2. c1196
      2. Official seal for use abroad 108 words
        3. cc1196-7
      3. Official seal for share certificates, &c 61 words
        4. c1197
      4. Authentication of documents 50 words
        5. c1197
      5. Share certificate as evidence of title 16 words
        6. c1197
      6. Certificate to be evidence of title. 60 words
        7. c1197
      7. Share warrants to bearer 18 words
        8. c1197
      8. Issue and effect of share warrant to bearer. 119 words
        9. c1197
      9. Identification of company on common seal 53 words
        10. c1197
      10. Floating charges under Scots law 223 words
  45. Clause 101
      46. c1198
    1. A COMPANY'S OBJECTS AND THE POWER OF DIRECTORS TO BIND IT 558 words
  46. Clause 102
      47. cc1198-9
    1. INVALIDITY OF CERTAIN TRANSACTIONS INVOLVING DIRECTORS 487 words
  47. Clause 103
      48. c1199
    1. STATEMENT OF COMPANY'S OBJECTS 27 words
        2. c1199
      1. Statement of company's objects: general commercial company 78 words
      2. Resolution to alter objects
  48. Clause 104
      49. c1200
    1. CHARITABLE COMPANIES 401 words
  49. Clause 105
      50. cc1200-1
    1. CHARITABLE COMPANIES (SCOTLAND) 372 words
  50. Clause 112
      51. cc1201-2
    1. APPOINTMENT OF AUDITORS 12 words
        2. cc1201-2
      1. 'Dormant company exempt from obligation to appoint auditors 372 words
  51. Clause 113
      52. c1202
    1. RIGHTS OF AUDITORS 27 words
        2. c1202
      1. 'Rights to information 453 words
  52. Clause 116
      53. c1203
    1. STATEMENT BY PERSON CEASING TO HOLD OFFICE AS AUDITOR 73 words
  53. Clause 120
      54. c1203
    1. SUPPLEMENTARY PROVISIONS AS TO COMPANY RECORDS AND RELATED MATTERS 47 words
  54. Clause 122
      55. c1203
    1. MEMBERSHIP OF HOLDING COMPANY 14 words
  55. Clause 123
      56. c1203
    1. ABOLITION OF REQUIREMENT TO HAVE COMPANY SEAL 14 words
  56. Clause 126
      57. c1203
    1. ADDITIONAL REQUIREMENTS FOR RECOGNITION: DEFAULT RULES, & C. 56 words
  57. Clause 129
      58. cc1203-4
    1. ANNUAL RETURNS 407 words
  58. Clause 132
      59. c1204
    1. ABOLITION OF DOCTRINE OF DEEMED NOTICE 93 words
  59. Clause 133
      60. cc1204-5
    1. RIGHTS OF INSPECTION AND RELATED MATTERS 99 words
  60. Clause 134
      61. c1205
    1. DISCLAIMER OF PROPERTY, RESCISSION OF CONTRACTS, &C. 61 words
  61. Schedule 18
      62. cc1205-7
    1. MINOR AMENDMENTS OF THE COMPANIES ACT 1985 12 words
        2. cc1205-7
      1. 'Correction of cross-reference 782 words
          2. c1206
        1. 'Meaning of "officer who is in default" 28 words
          2. cc1206-7
        2. Offences committed by partnerships and other unincorporated bodies 244 words
    2. New Clause 12
        3. cc1207-17
      1. MERGER REFERENCES 5,284 words, 1 division
    3. Clause 139
        4. cc1217-23
      1. TEMPORARY RESTRICTIONS ON SHARE DEALING 551 words
        1. 'COMPANY CONTRACTS, SEALS, &C.: FURTHER PROVISIONS
            2. cc1218-23
          1. Execution of deeds abroad 76 words
              2. c1218
            1. Official seal for use abroad 110 words
              2. c1218
            2. Official seal for share certificates, &c. 60 words
              3. c1218
            3. Authentication of documents 50 words
              4. c1218
            4. Share certificate as evidence of title 16 words
              5. c1218
            5. Certificate to be evidence of title 60 words
              6. c1218
            6. Share warrants to bearer 18 words
              7. cc1218-9
            7. Issue and effect of share warrant to bearer 124 words
              8. c1219
            8. Identification of company on common seal 53 words
              9. cc1219-23
            9. Floating charges under Scots law 2,396 words
      2. Clause 139
          3. c1223
        1. TEMPORARY RESTRICTIONS ON SHARE DEALINGS 90 words
      3. Clause 140
          4. c1223
        1. OBTAINING CONTROL BY STAGES 32 words
      4. Schedule 19
          5. cc1223-4
        1. AMENDMENTS ABOUT MERGERS AND RELATED MATTERS 365 words
      5. Clause 144
          6. c1224
        1. INTRODUCTION 82 words
      6. Clause 145
          7. c1224
        1. MARKET CONTRACTS 16 words
      7. Clause 146
          8. c1224
        1. ADDITIONAL REQUIREMENTS FOR RECOGNITION: DEFAULT RULES, &C 62 words
      8. Schedule 20
          9. cc1224-6
        1. ADDITIONAL REQUIREMENTS FOR RECOGNITION 213 words
            2. c1225
          1. Content of rules 163 words
            2. c1225
          2. Notification to other parties affected 88 words
            3. cc1225-6
          3. Application of default rules to designated non-members 526 words
      9. Clause 148
          10. c1226
        1. MODIFICATIONS OF THE LAW OF INSOLVENCY 189 words
      10. Clause 149
          11. c1226
        1. PROCEEDINGS OF EXCHANGE OR CLEARING HOUSE TAKE PRECEDENCE OVER INSOLVENCY PROCEDURES 89 words
      11. Clause 151
          12. c1227
        1. SUPPLEMENTARY PROVISIONS AS TO DEFAULT PROCEEDINGS 81 words
      12. Clause 153
          13. c1227
        1. NET SUM PAYABLE ON COMPLETION OF DEFAULT PROCEEDINGS 199 words
      13. Clause 154
          14. cc1227-8
        1. DISCLAIMER OF PROPERTY, RESCISSION OF CONTRACTS, &C. 314 words
      14. Clause 155
          15. c1228
        1. ADJUSTMENT OF PRIOR TRANSACTIONS 230 words
      15. Clause 157
          16. c1228
        1. DELEGATIONS OF FUNCTIONS TO DESIGNATED AGENCY 141 words
      16. Clause 158
          17. c1229
        1. SUPPLEMENTARY PROVISIONS 98 words
      17. Clause 159
          18. c1229
        1. CERTAIN OVERSEAS EXCHANGES AND CLEARING HOUSES 234 words
      18. Clause 161
          19. c1229
        1. MARKET CHARGES 183 words
      19. Clause 162
          20. c1230
        1. MODIFICATIONS OF THE LAW OF INSOLVENCY 49 words
      20. Clause 163
          21. c1230
        1. ADMINISTRATION ORDERS, &C. 498 words
      21. Clause 164
          22. c1231
        1. POWER TO MAKE PROVISION ABOUT CERTAIN OTHER CHARGES 380 words
      22. Clause 165
          23. c1231
        1. APPLICATION OF MARGIN NOT AFFECIED BY SUBSEQUENT INTERESTS 14 words
      23. Clause 167
          24. c1231
        1. PROCEEDINGS AGAINST MARKET PROPERTY BY UNSECURED CREDITORS 33 words
      24. Clause 168
          25. cc1231-2
        1. POWER TO APPLY PROVISIONS TO OTHER CASES 84 words
      25. Clause 169
          26. c1232
        1. POWERS OF COURT IN RELATION TO CERTAIN PROCEEDINGS BEGUN BEFORE COMMENCEMENT 107 words
      26. Clause 170
          27. c1232
        1. INSOLVENCY PROCEEDINGS IN OTHER JURISDICTIONS 91 words
      27. Clause 171
          28. c1232
        1. INDEMNITY FOR CERTAIN ACTS, &C. 19 words
      28. Clause 173
          29. c1232
        1. MEANING OF "DEFAULT RULES" AND RELATED EXPRESSIONS 94 words
      29. Clause 174
          30. c1233
        1. MEANING OF "RELEVANT OFFICEHOLDER" 39 words
      30. Clause 175
          31. c1233
        1. MINOR DEFINITIONS 232 words
      31. Clause 176
          32. cc1233-4
        1. INDEX OF DEFINED EXPRESSIONS 164 words
        2. 'FINANCIAL MARKETS AND INSOLVENCY: PROVISIONS APPLYING TO PRE-COMMENCEMENT CASES
            3. cc1234-6
          1. Introductory 1,521 words
            2. cc1236-7
          2. Market charges 669 words
            3. cc1237-8
          3. Supplementary provisions 517 words
      32. New clause 13
          33. cc1238-43
        1. TAKEOVER PANEL 3,138 words, 1 division
      33. New Clause 51
          34. cc1243-5
        1. AMENDMENT OF FINANCIAL SERVICES ACT 1986 777 words
      34. Clause 177
          35. cc1245-6
        1. STATEMENTS OF PRINCIPLE 747 words
      35. Clause 178
          36. cc1246-7
        1. RESTRICTION OF RIGHT TO BRING ACTION FOR CONTRAVENTION OF RULES, REGULATIONS, &C. 78 words
      36. Clause 179
          37. cc1247-8
        1. APPLICATION OF DESIGNATED RULES AND REGULATIONS TO MEMBERS OF SELF-REGULATING ORGANISATIONS 969 words
      37. Clause 188
          38. cc1248-50
        1. STANDARD OF PROTECTION FOR INVESTORS 864 words
      38. Clause 191
          39. c1250
        1. CONSEQUENTIAL AMENDMENTS AND DELEGATION OF FUNCTIONS ON COMMENCEMENT 118 words
      39. Schedule 21
          40. cc1250-1
        1. CONSEQUENTIAL AMENDMENTS OF THE FINANCIAL SERVICES ACT 1986 176 words
      40. New Clause 43
          41. cc1251-2
        1. PROVISIONS EXTENDING TO NORTHERN IRELAND 682 words
      41. New Clause 44
          42. cc1252-3
        1. MAKING OF CORRESPONDING PROVISION FOR NORTHERN IRELAND 448 words
      42. Clause 197
          43. c1253
        1. BUILDING SOCIETIES: MISCELLANEOUS AMENDMENTS 90 words
      43. Clause 201
          44. cc1253-4
        1. COMMENCEMENT AND TRANSITIONAL PROVISIONS 489 words
      44. Schedule 22
          45. cc1254-6
        1. REPEALS 674 words
        cc1256-7
      45. Title 621 words, 1 division
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