Offences by directors of companies required to have financial statements audited. 146, 147, 150.Charges of public companies on own shares, CHAPTER VI Financial Assistance by a Company for Acquisition of its Own Shares, Provisions applying to both public and private companies, 151.Financial assistance generally prohibited, 153.Transactions not prohibited by s. 151, 154.Special restriction for public companies, 155.Relaxation of s. 151 for private companies, 158.Time for giving financial assistance under s. 155, CHAPTER VII Redeemable Shares ; Purchase by a Company of its Own Shares, 162.Power of company to purchase own shares, 163.Definitions of " off-market" and " market " purchase, 165.Authority for contingent purchase contract, 167.Assignment or release of company's right to purchase own shares, 168.Payments apart from purchase price to be made out of distributable profits, 169.Disclosure by company of purchase of own shares, Redemption or purchase of own shares out of capital (private companies only), 171.Power of private companies to redeem or purchase own shares out of capital, 172.Availability of profits for purposes of s. 171, 173.Conditions for payment out of capital, 174.Procedure for special resolution under s. 173, 175.Publicity for proposed payment out of capital, 176.Objections by company's members or creditors, 177.Powers of court on application under s. 176, 178.Effect of company's failure to redeem or purchase, 179.Power for Secretary of State to modify this Chapter, 180.Transitional cases arising under this Chapter; and savings, CHAPTER VIII Miscellaneous Provisions about Shares and Debentures, Share and debenture certificates, transfers and warrants, 182.Nature, transfer and numbering of shares, 185.Duty of company as to issue of certificates, 187.Evidence of grant of probate or confirmation as executor, 188.Issue and effect of share warrant to bearer, 189.Offences in connection with share warrants (Scotland), 194.Power to re-issue redeemed debentures, 196.Payment of debts out of assets subject to floating charge (England and Wales), PART VI Disclosure of Interests in Shares, 198.Obligation of disclosure: the cases in which it may arise and " the relevant time ", 200." 4. 34. Prohibition of Partnership Exceeding Twenty M embers. (1) The Registrar shall, subject to this Act, keep such registers as he considers necessary in such form as he thinks fit. Provisions as to undischarged bankrupts acting as directors. 200 provisions and might take some time to download. Section 7. Registration of financial statements by companies. of resolutions and agreements, 381.Resolution passed at adjourned meeting, 387.Auditors' right to attend company meetings, 388.Supplementary provisions as to auditors, 389.Qualification for appointment as auditor, 391.Right of resigning auditor to requisition company meeting, 392.Powers of auditors in relation to subsidiaries, CHAPTER I Registration of Charges (England and Wales), 395.Certain charges void if not registered, 397.Formalities of registration (debentures), 398.Verification of charge on property outside United Kingdom, 399.Company's duty to register charges it creates, 400.Charges existing on property acquired, 401.Register of charges to be kept by registrar of companies, 402.Endorsement of certificate on debentures, 405.Registration of enforcement of security, 406.Companies to keep copies of instruments creating charges. 16. 312.Payment to director for loss of office, etc. 8, 252.Company resolution not to appoint auditors, 253.Laying and delivery of unaudited accounts, 256.Power of Secretary of State to alter accounting requirements, CHAPTER II Accounts of Banking, Shipping and Insurance Companies, 257.Special category companies and their accounts, PART VIII Distribution of Profits and Assets, Limits of company's power of distribution, 264.Restriction on distribution of assets, 265.Other distributions by investment companies, 267.Extension of ss. (1) The following matters shall be stated by way of... PART II Special Provisions where the Company is a Holding or Subsidiary Company, Modifications of and additions to requirements as to company's own accounts. 5. 4. The Act The Companies Act 1985 The United Kingdom Great Britain and Northern Ireland Month Calendar month In writing Written, printed or lithographed or partly one and partly another and other modes of representing or reproducing words in a visible form. 72 to 77, PART IV Allotment of Shares and Debentures, 80.Authority of company required for certain allotments, 81.Restriction on public offers by private company, 82.Application for, and allotment of, shares and debentures, 83.No allotment unless minimum subscription received, 84.Allotment where issue not fully subscribed, 86.Allotment of shares, etc. in winding up, 299.Disqualification on summary conviction, 300.Disqualification by reference to association with insolvent companies. Consequences of non-compliance with s. 314, Directors to disclose interest in contracts, Directors' service contracts to be open to inspection, Director's contract of employment for more than 5 years. 31. 189. Provisions of this Act applying to Unregistered Companies, Form of Statement to be published by certain companies under section 720, Companies Act 1981, Section 38, as Originally Enacted. 89, 90 by private company, Saving for other restrictions as to offers, Saving for company's pre-emption procedure operative before 1982, Apart from s. 97, commissions and discounts barred, General rules as to payment for shares on allotment, Prohibition on allotment of shares at a discount, Shares to be allotted as at least one-quarter paid-up, Restriction on payment by long-term undertaking, Non-cash consideration to be valued before allotment, Transfer to public company of non-cash asset in initial period, Shares issued to subscribers of memorandum, Liability of subsequent holders of shares allotted, Relief in respect of certain liabilities under ss. Companies [No. 6. ix 176. Prosecution of delinquent officers and members of company, Disqualification for appointment as liquidator, Corrupt inducement affecting appointment as liquidator. (1) Where an event of whose occurrence a director is,... 20.In this Part, a reference to price paid or received... PART IV Provisions with Respect to Register of Directors' Interests to be Kept Under Section 325. 9. 5. Offences by directors of reporting companies. 13. i Section, 481.Provisions as to information where receiver appointed, 482.Special provisions as to statement submitted to receiver. 306.Limited company may have directors with unlimited liability, 307.Special resolution making liability of directors unlimited, 309.Directors to have regard to interests of employees, 310.Provisions exempting officers and auditors from liability, PART X Enforcement of Fair Dealing by Directors, Restrictions on directors taking financial advantage, 311.Prohibition on tax-free payments to directors. 4. Definition of wholly-owned subsidiary 6. 35. 561.Summoning of persons suspected of having company property, etc. Director's duty of disclosure on takeover, etc. COMPANIES ACT 1963 (ACT 179) Section 1-Commencement Spent. Re-registration of private company as public, Consideration for shares recently allotted to be valued, Additional requirements relating to share capital, Meaning of " unqualified report " in s. 43(3), Certificate of re-registration under s. 43, Modification for unlimited company re-registering, Re-registration of limited company as unlimited, Certificate of re-registration under s. 49, Re-registration of unlimited company as limited, Certificate of re-registration under s. 51, Re-registration of public company as private, Litigated objection to resolution under s. 53, Certificate of re-registration under s. 53, Matters to be stated, and reports to be set out, in prospectus, Document offering shares etc. 31. 18. to directors and persons connected with them, Transactions at behest of holding company, Funding of director's expenditure on duty to company, Loan or quasi-loan by money-lending company, " Relevant amounts " for purposes of ss. 19. 27. (1) An obligation imposed on a person by section 324(2)... 16.In reckoning, for purposes of paragraphs 14 and 15, any... PART III Circumstances in Which Obligation Imposed by Section 324 is not Discharged. Companies Act, 2017 Rules and Regulations Associations with charitable & not for profit objects (licensing & corporate governance) Regulations, 2017 Issued Notified for public opinion The Limited Liability Partnership Regulations, 2017 The Companies (Incorporation) Regulations, 2017 The Intermediaries (Registration) Regulations, 2017 Circulars & Notifications Circular 15 of 2017 … The Companies Act 1985 (c.6) is an Act of the Parliament of the United Kingdom of Great Britain and Northern Ireland, enacted in 1985, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. 349.Company's name to appear in its correspondence, etc. Definition of ultimate holding company 5B. 13.Delivery to a person's order of shares or debentures in... PART II Periods Within Which Obligations Imposed By Section 324 Must Be Fulfilled. 2. Definitionin other laws 5. 29. Company law throughout the United Kingdom is now governed by the Companies Act 2006, which received Royal Assent on 8 November 2006, and which was commenced in stages between then and 1 October 2009. Provision against undischarged bankrupt acting as director etc. Companies registered but not formed under former Companies Acts. 543.Submission of liquidator's accounts for audit. 23. In the case of any fixed asset which has a... (1) Where a fixed asset investment of a description falling... Rules for determining particular fixed asset items. 22. It has been called "the most important piece of legislation in BVI history since the emancipation". Short title 2. Application of Act to existing companies and savings. Interpretation 5. to directors and persons connected with them, 336.Transactions at behest of holding company, 337.Funding of director's expenditure on duty to company, 338.Loan or quasi-loan by money-lending company, 339." 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companies act 1985 as enacted

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