1. Ownership of right to appoint or remove directors. 1. Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts. Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. 32 of 2018), with all Bermuda Companies Act 1981 Updated July 2020 | Consolidated Acts DOWNLOAD THE ACT HERE. 4. 13. 1. 6), 9.Removal of special provisions about accounts and audit of charitable companies, 10.Removal of special provisions about accounts and audit of charitable companies, 11.Removal of special provisions about accounts and audit of charitable companies, 12.Removal of special provisions about accounts and audit of charitable companies, 13.Removal of special provisions about accounts and audit of charitable companies, 14.Removal of special provisions about accounts and audit of charitable companies, 15.Removal of special provisions about accounts and audit of charitable companies, 16.Removal of special provisions about accounts and audit of charitable companies, Part 1 Grant and revocation of recognition of a supervisory body, Application for recognition of supervisory body. 18 OF 2011. of 2001) 14 May 2001 _____ ARRANGEMENT OF SECTIONS Section PART I – PRELIMINARY 1. Stated capital 8. Her Majesty's Attorney General of the Isle of Man. Deemed agreement of debenture holders to use of website. Conditions for use of communications in electronic form. Use this menu to access essential accompanying documents and information for this legislation item. 1. 8.A police officer (within the meaning of the Interpretation (Jersey)... 1.The Commerce and Employment Department. (1) The registered third country auditor must pay any of... 5.Arrangements may qualify as arrangements within either of paragraphs 1... Specification of particular arrangements by the Secretary of State. 7. Definitionin other laws 5. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. 12. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. 12. Access essential accompanying documents and information for this legislation item from this tab. Agreement to dispense with reports etc (merger), 919.Divisions and companies involved in a division, Requirements to be complied with in case of division, 921.Publication of draft terms by registrar(division), 921A.Publication of draft terms on company website (division), 922.Approval of members of companies involved in the division, 923.Directors' explanatory report (division), 925.Supplementary accounting statement (division), 926A.Publication of documents on company website (division), 927.Report on material changes of assets of transferor company (division), 928.Approval of articles of new transferee company (division), 929.Protection of holders of securities to which special rights attached (division), 930.No allotment of shares to transferor company or its nominee (division), 931.Circumstances in which meeting of members of transferor company not required (division), 931A.Other circumstances in which meeting of members of transferor company not required (division), 932.Circumstances in which meeting of members of transferee company not required (division), 933.Agreement to dispense with reports etc (division), 933A.Certain requirements excluded where shareholders given proportional rights (division), 934.Power of court to exclude certain requirements (division), 935.Expert's report: valuation by another person, 936.Experts and valuers: independence requirement, 937.Experts and valuers: meaning of “associate”, 938.Power of court to summon meeting of members or creditors of existing transferee company, 939.Court to fix date for transfer of undertaking etc of transferor company, 940.Liability of transferee companies for each other's defaults, 940A.Disregard of website failures beyond control of company, 941.Meaning of “liabilities” and “property”, 947.Power to require documents and information, 949.Offence of disclosure in contravention of section 948, 953.Failure to comply with rules about bid documentation, 956.No action for breach of statutory duty etc, 964.Amendments to Financial Services and Markets Act 2000, 965.Power to extend to Isle of Man and Channel Islands, 967.Further provision about opting-in and opting-out resolutions, 969.Power of offeror to require general meeting to be called, 973.Power to extend to Isle of Man and Channel Islands, 975.Shares already held by the offeror etc, 976.Cases where offer treated as being on same terms, 978.Effect of impossibility etc of communicating or accepting offer, 979.Right of offeror to buy out minority shareholder, 980.Further provision about notices given under section 979, 982.Further provision about consideration held on trust under section 981(9), 983.Right of minority shareholder to be bought out by offeror, 984.Further provision about rights conferred by section 983, 985.Effect of requirement under section 983, Chapter 4 Amendments to Part 7 of the Companies Act 1985, 992.Matters to be dealt with in directors' report, Part 30 Protection of members against unfair prejudice, 997.Application of general rule-making powers, 998.Copy of order affecting company's constitution to be delivered to registrar, 999.Supplementary provisions where company's constitution altered, Part 31 Dissolution and restoration to the register, Registrar's power to strike off defunct company, 1000.Power to strike off company not carrying on business or in operation, 1001.Duty to act in case of company being wound up, 1002.Supplementary provisions as to service of communication or notice, 1003.Striking off on application by company, 1004.Circumstances in which application not to be made: activities of company, 1005.Circumstances in which application not to be made: other proceedings not concluded, 1006.Copy of application to be given to members, employees, etc, 1007.Copy of application to be given to new members, employees, etc, 1008.Copy of application: provisions as to service of documents, 1009.Circumstances in which application to be withdrawn, 1012.Property of dissolved company to be bona vacantia, 1013.Crown disclaimer of property vesting as bona vacantia, Effect of Crown disclaimer: England and Wales and Northern Ireland, 1017.Power of court to make vesting order, 1018.Protection of persons holding under a lease, 1021.Power of court to make vesting order, 1022.Protection of persons holding under a lease, 1023.Liability for rentcharge on company's land after dissolution, Administrative restoration to the register, 1024.Application for administrative restoration to the register, 1025.Requirements for administrative restoration, 1026.Application to be accompanied by statement of compliance, 1027.Registrar's decision on application for administrative restoration, 1028.Effect of administrative restoration, 1028A.Administrative restoration of company with share warrants, 1029.Application to court for restoration to the register, 1030.When application to the court may be made, 1031.Decision on application for restoration by the court, 1032.Effect of court order for restoration to the register, 1032A.Restoration by court of company with share warrants, 1034.Effect of restoration to the register where property has vested as bona vacantia, Part 32 Company investigations: amendments, 1035.Powers of Secretary of State to give directions to inspectors, 1036.Resignation, removal and replacement of inspectors, 1037.Power to obtain information from former inspectors etc, 1038.Power to require production of documents, 1039.Disqualification orders: consequential amendments, Part 33 UK companies not formed under companies legislation, Chapter 1 Companies not formed under companies legislation but authorised to register, 1040.Companies authorised to register under this Act, 1042.Power to make provision by regulations, 1045.Company contracts and execution of documents by companies, 1050.Accounts and reports: credit or financial institutions, 1055.Disclosure of individual's residential address: protection from disclosure, 1056.Requirement to identify persons authorised to accept service of documents, 1057.Registrar to whom returns, notices etc to be delivered, 1058.Duty to give notice of ceasing to have registrable presence, 1059.Application of provisions in case of relocation of branch. Registers 12. 6. General interpretation: 2. Notification to competent authorities of other EEA States, 1253D.Restriction on transfer of audit working papers to third countries, 1253DB.Transfer by statutory auditor with approval of Secretary of State, 1253DC.Transfer by statutory auditor for purposes of investigation of auditor, 1253DD. Meaning of “holding company” and “subsidiary” 4. Inspector’s report. (1) In subsection (3) of section 444 of the Companies... Obstruction of rights conferred by a warrant or failure to comply with requirement under section 448. (1) Where the document or information is sent or supplied... Part 4 Other agreed forms of communication. 8. (1) “ Arrangement ” includes— (a) any scheme, agreement or... Rights exercisable only in certain circumstances etc. 6.Her Majesty's Attorney General for Jersey. 3. Personal information etc in certified copies, 859H.Consequence of failure to deliver charges, 859J.Company holding property or undertaking as trustee, 859K.Registration of enforcement of security, 859N.Replacement of instrument or debenture, 859O.Notification of addition to or amendment of charge, 859P.Companies to keep copies of instruments creating and amending charges, 859Q.Instruments creating charges to be available for inspection, Chapter 1 Companies registered in England and Wales or in Northern Ireland, 861.Charges which have to be registered: supplementary, 862.Charges existing on property acquired, 864.Additional registration requirement for commission etc in relation to debentures, 865.Endorsement of certificate on debentures, 866.Charges created in, or over property in, jurisdictions outside the United Kingdom, 867.Charges created in, or over property in, another United Kingdom jurisdiction, 868.Northern Ireland: registration of certain charges etc. Address for communications in electronic form. Giving effect to the recommendations placed in the Report of the Committee to review Offences under the Companies Act, 2013, the Companies (Amendment) Ordinance, 2018 provides much needed relief to the corporates and professionals alike by decriminalising a host of offences. 10A. Provision of false information in purported compliance with section 447. (1) A disclosure with a view to the institution of,... 3.A disclosure for the purpose of enabling or assisting the... 4.A disclosure for the purpose of enabling or assisting an... 6.A disclosure for the purpose of enabling or assisting an... 8.A disclosure with a view to the institution of, or... 9.A disclosure for the purpose of enabling or assisting—. Companies Act 2016 : Practice Note No. All Rights Reserved, Close Corporations Act, 1984 (Act No. Application ofAct 3. The first date in the timeline will usually be the earliest date when the provision came into force. Companies Law (2018 Revision as amended): Cap. Interpretation 4. Remuneration and allowance. 14. A constable (within the meaning of the Interpretation Act 1976... A disclosure for the purpose of enabling or assisting a... A disclosure for the purpose of enabling or assisting an... A disclosure for the purpose of enabling or assisting the... A disclosure for the purpose of enabling or assisting organs... A disclosure with a view to the institution of, or... A disclosure by the Gambling Commission to the Comptroller and... A disclosure for the purposes of enabling or assisting a... (1) A disclosure for the purpose of enabling or assisting... A disclosure for the purposes of proceedings before a tribunal... (1) A disclosure with a view to the institution of,... A disclosure for the purpose of enabling or assisting Her... A disclosure for the purpose of enabling or assisting any... A disclosure for the purpose of enabling or assisting—. (1) This paragraph applies where, under regulation 3 of the... 20A.In this Part of this Schedule— “audit reporting requirements” has... Part 3 Arrangements in which recognised supervisory bodies are required to participate, Arrangements for setting standards relating to professional integrity and independence, 21.Arrangements in which recognised supervisory bodies are required to participate, Arrangements for setting technical standards, 22.Arrangements in which recognised supervisory bodies are required to participate, Arrangements for setting standards relating to public interest entity reporting requirements, 22A.Arrangements in which recognised supervisory bodies are required to participate, Arrangements for setting standards relating to public interest entity independence requirements, 22B.Arrangements in which recognised supervisory bodies are required to participate, Arrangements for independent monitoring of audits of listed companies and other major bodies, 23.Arrangements in which recognised supervisory bodies are required to participate, Arrangements for independent monitoring of third country audits, 23A.Arrangements in which recognised supervisory bodies are required to participate, Arrangements for independent investigation for disciplinary purposes of public interest cases, 24.Arrangements in which recognised supervisory bodies are required to participate, Supplementary: arrangements to operate independently of body, 25.Arrangements in which recognised supervisory bodies are required to participate, 26.Arrangements in which recognised supervisory bodies are required to participate, 27.Arrangements in which recognised supervisory bodies are required to participate, Part 1 Grant and revocation of recognition of a professional qualification, Application for recognition of professional qualification. 9. Supplementary provisions with respect to delegation order. This Act is the Variable Capital Companies Act 2018 and comes into operation on a date that the Minister appoints by notification in the Gazette. Right to appoint or remove a majority of the directors. 41.A disclosure with a view to the institution of, or... 42.A disclosure for the purpose of enabling or assisting an... 43.A disclosure for the purpose of enabling or assisting the... 44.A disclosure for the purpose of enabling or assisting the... 45.A disclosure for the purpose of enabling or assisting the... 47.A disclosure by the Gambling Commission to the Comptroller and... 48.A disclosure for the purposes of enabling or assisting a... 49.A disclosure for the purpose of enabling or assisting an... 50.A disclosure for the purpose of enabling or assisting an... 51A.A disclosure for the purpose of enabling or assisting the... 52.A disclosure for the purpose of enabling or assisting the... 53.A disclosure for the purpose of enabling or assisting the... 54.A disclosure for the purpose of enabling or assisting a... 55.A disclosure for the purpose of enabling or assisting a... 56.A disclosure for the purpose of enabling or assisting a... 57.A disclosure for the purpose of enabling or assisting a... 58.A disclosure with a view to the institution of, or... 59.A disclosure for the purpose of enabling or assisting a... 60.A disclosure for the purpose of enabling or assisting a... 61.A disclosure for the purpose of making available to an... 62.A disclosure for the purpose of making available to the... 63.A disclosure for the purpose of enabling or assisting an... 64.A disclosure for the purpose of enabling or assisting the... 65.A disclosure for the purpose of enabling or assisting a... 66.A disclosure for the purpose of enabling or assisting an... 67.A disclosure for the purpose of enabling or assisting the... 68.A disclosure with a view to the institution of, or... 69.A disclosure for the purpose of enabling or assisting a... 70.A disclosure with a view to the institution of, or... 71.A disclosure with a view to the institution of, or... 72.A disclosure for the purposes of proceedings before the Financial... 73.A disclosure for the purposes of proceedings before a tribunal... 74.A disclosure for the purpose of enabling or assisting a... 75.A disclosure with a view to the institution of, or... 76.A disclosure with a view to the institution of, or... 77.A disclosure for the purpose of the provision of a... 78.A disclosure in pursuance of any EU obligation. (1) A disclosure with a view to the institution of,... 1.A disclosure for the purpose of enabling or assisting—. Those changes will be listed when you open the content using the Table of Contents below. Companies Act, 2011 Arrangement of Sections. 1. Independent investigation for enforcement purposes. PART II - REGISTRATION AND INCORPORATION OF COMPANIES. The body (“B”) must have rules providing that—. 7. 1. The BVI Business Companies Act, 2004 Compendium contains a consolidated version of the BVI Business Companies Act, 2004, incorporating all amendments, to date, including consolidated versions of related regulations and statutory instruments. 16. The government's intention is to enact the Bill in early 2018. AN ACT to consolidate and amend the laws in force in Zimbabwe relating to the constitution, in corporation, registration, management, administration and winding up of companies and other associations, and for other purposes incidental thereto. (1) A person commits an offence if the person—, Specified persons, descriptions of disclosures etc for the purposes of section 948. It is no news that after 28 years, a new Companies and Allied Matters Act (hereinafter referred to as “CAMA”) has been passed by the National assembly to replace the current CAMA. (1) The body may retain fees payable to it. (1) A document or information in hard copy form may... 5.A document or information is validly sent or supplied by... Agreement to communications in electronic form, Part 4 Communications by means of a website. (1) The qualification must only be open to persons who—... Requirement for theoretical instruction or professional experience, 7. 10. Chapter 1 Introductory. 3. Arrangements in which recognised supervisory bodies are required to participate. Agreement of EEA competent authority, 1253E.Working arrangements for transfer of papers, 1253F.Publication of working arrangements, 1254.Directions to comply with international obligations, 1255.Offences by bodies corporate, partnerships and unincorporated associations, 1256.Time limits for prosecution of offences, 1257.Jurisdiction and procedure in respect of offences, 1263.Power to make provision in consequence of changes affecting accountancy bodies, Part 43 Transparency obligations and related matters, 1265.The transparency obligations directive, 1267.Competent authority's power to call for information, 1268.Powers exercisable in case of infringement of transparency obligation, 1270.Liability for false or misleading statements in certain publications, 1271.Exercise of powers where UK is host member State, 1272.Transparency obligations and related matters: minor and consequential amendments, 1274.Grants to bodies concerned with actuarial standards etc, 1275.Levy to pay expenses of bodies concerned with actuarial standards etc, 1276.Application of provisions to Scotland and Northern Ireland, Information as to exercise of voting rights by institutional investors, 1277.Power to require information about exercise of voting rights, 1278.Institutions to which information provisions apply, 1279.Shares to which information provisions apply, 1280.Obligations with respect to provision of information, Disclosure of information under the Enterprise Act 2002, 1281.Disclosure of information under the Enterprise Act 2002, 1283.Amendment of memorandum or articles of commonhold association, 1284.Extension of Companies Acts to Northern Ireland, 1285.Extension of GB enactments relating to SEs, 1286.Extension of GB enactments relating to certain other forms of business organisation, 1287.Extension of enactments relating to business names, 1288.Regulations and orders: statutory instrument, 1289.Regulations and orders: negative resolution procedure, 1290.Regulations and orders: affirmative resolution procedure, 1291.Regulations and orders: approval after being made, 1292.Regulations and orders: supplementary, Consequential and transitional provisions, 1294.Power to make consequential amendments etc, 1296.Power to make transitional provision and savings, Connected persons: references to an interest in shares or debentures. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run. 6. 7. (1) For subsection (2) of section 451 of the Companies... Obstruction of inspector, etc exercising power to enter and remain on premises. 53. The most recent legislative updates include: amendments to the Companies Act 1981 made by the Companies (Ratification of Deferred Returns, Fees and Taxes) Amendment Act … The rules and practices of the body relating to—. Meaning of “control” 6. Meaning of “corporate governance statement” etc, Chapter 1 Shares and share capital of a company, Chapter 2 Allotment of shares: general provisions, 549.Exercise by directors of power to allot shares etc, 550.Power of directors to allot shares etc: private company with only one class of shares, 551.Power of directors to allot shares etc: authorisation by company, Prohibition of commissions, discounts and allowances, 552.General prohibition of commissions, discounts and allowances, 555.Return of allotment by limited company, 556.Return of allotment by unlimited company allotting new class of shares, 559.Provisions about allotment not applicable to shares taken on formation, Chapter 3 Allotment of equity securities: existing shareholders' right of pre-emption, 560.Meaning of “equity securities” and related expressions, Existing shareholders' right of pre-emption, 561.Existing shareholders' right of pre-emption, 562.Communication of pre-emption offers to shareholders, 563.Liability of company and officers in case of contravention, 564.Exception to pre-emption right: bonus shares, 565.Exception to pre-emption right: issue for non-cash consideration, 566.Exceptions to pre-emption right: employees' share schemes, 566A.Exception to pre-emption right: companies in financial difficulty, 567.Exclusion of requirements by private companies, 568.Exclusion of pre-emption right: articles conferring corresponding right, 569.Disapplication of pre-emption rights: private company with only one class of shares, 570.Disapplication of pre-emption rights: directors acting under general authorisation, 571.Disapplication of pre-emption rights by special resolution, 572.Liability for false statement in directors' statement, 573.Disapplication of pre-emption rights: sale of treasury shares, 574.References to holder of shares in relation to offer, 575.Saving for other restrictions on offer or allotment, 576.Saving for certain older pre-emption requirements, 577.Provisions about pre-emption not applicable to shares taken on formation, Chapter 4 Public companies: allotment where issue not fully subscribed, 578.Public companies: allotment where issue not fully subscribed, 579.Public companies: effect of irregular allotment where issue not fully subscribed, 580.Shares not to be allotted at a discount, 581.Provision for different amounts to be paid on shares, 584.Public companies: shares taken by subscribers of memorandum, 585.Public companies: must not accept undertaking to do work or perform services, 586.Public companies: shares must be at least one-quarter paid up, 587.Public companies: payment by long-term undertaking, 588.Liability of subsequent holders of shares, 590.Penalty for contravention of this Chapter, 591.Enforceability of undertakings to do work etc, Chapter 6 Public companies: independent valuation of non-cash consideration, 593.Public company: valuation of non-cash consideration for shares, 594.Exception to valuation requirement: arrangement with another company, 595.Exception to valuation requirement: merger or division, 596.Non-cash consideration for shares: requirements as to valuation and report, 597.Copy of report to be delivered to registrar, Transfer of non-cash asset in initial period, 598.Public company: agreement for transfer of non-cash asset in initial period, 599.Agreement for transfer of non-cash asset: requirement of independent valuation, 600.Agreement for transfer of non-cash asset: requirements as to valuation and report, 601.Agreement for transfer of non-cash asset: requirement of approval by members, 602.Copy of resolution to be delivered to registrar, 603.Adaptation of provisions in relation to company re-registering as public, 604.Agreement for transfer of non-cash asset: effect of contravention, 605.Liability of subsequent holders of shares, 607.Penalty for contravention of this Chapter, 608.Enforceability of undertakings to do work etc, Relief from requirements as to share premiums, 613.Merger relief: meaning of 90% equity holding, 614.Power to make further provision by regulations, 615.Relief may be reflected in company's balance sheet, 617.Alteration of share capital of limited company, 618.Sub-division or consolidation of shares, 619.Notice to registrar of sub-division or consolidation, 621.Notice to registrar of reconversion of stock into shares, 625.Notice to registrar of redenomination, 626.Reduction of capital in connection with redenomination, 627.Notice to registrar of reduction of capital in connection with redenomination, Chapter 9 Classes of share and class rights, 630.Variation of class rights: companies having a share capital, 631.Variation of class rights: companies without a share capital, 632.Variation of class rights: saving for court's powers under other provisions, 633.Right to object to variation: companies having a share capital, 634.Right to object to variation: companies without a share capital, 635.Copy of court order to be forwarded to the registrar, 636.Notice of name or other designation of class of shares, 637.Notice of particulars of variation of rights attached to shares, 639.Notice of name or other designation of class of members, 640.Notice of particulars of variation of class rights, 641.Circumstances in which a company may reduce its share capital, Private companies: reduction of capital supported by solvency statement, 642.Reduction of capital supported by solvency statement, 644.Registration of resolution and supporting documents, Reduction of capital confirmed by the court, 645.Application to court for order of confirmation, 646.Creditors entitled to object to reduction, 647.Offences in connection with list of creditors, 649.Registration of order and statement of capital, Public company reducing capital below authorised minimum, 650.Public company reducing capital below authorised minimum, 651.Expedited procedure for re-registration as a private company, 652.Liability of members following reduction of capital, 653.Liability to creditor in case of omission from list of creditors, Chapter 11 Miscellaneous and supplementary provisions, 654.Treatment of reserve arising from reduction of capital, 655.Shares no bar to damages against company, 656.Public companies: duty of directors to call meeting on serious loss of capital, 657.General power to make further provision by regulations, Part 18 Acquisition by limited company of its own shares, 658.General rule against limited company acquiring its own shares, 661.Liability of others where nominee fails to make payment in respect of shares, 662.Duty to cancel shares in public company held by or for the company, 664.Re-registration as private company in consequence of cancellation, 665.Issue of certificate of incorporation on re-registration, 667.Offence in case of failure to cancel shares or re-register, 668.Application of provisions to company re-registering as public company, 669.Transfer to reserve on acquisition of shares by public company or nominee, 670.Public companies: general rule against lien or charge on own shares, 671.Interests to be disregarded in determining whether company has beneficial interest, 672.Residual interest under pension scheme or employees' share scheme, 673.Employer's charges and other rights of recovery, 674.Rights as personal representative or trustee, 676.Application of provisions to directors, Chapter 2 Financial assistance for purchase of own shares, Circumstances in which financial assistance prohibited, 678.Assistance for acquisition of shares in public company, 679.Assistance by public company for acquisition of shares in its private holding company, 680.Prohibited financial assistance an offence, 684.Power of limited company to issue redeemable shares, 690.Power of limited company to purchase own shares, 693A.Authority for off-market purchase for the purposes of or pursuant to an employees' share scheme, 695.Resolution authorising off-market purchase: exercise of voting rights, 696.Resolution authorising off-market purchase: disclosure of details of contract, 697.Variation of contract for off-market purchase, 698.Resolution authorising variation: exercise of voting rights, 699.Resolution authorising variation: disclosure of details of variation, 700.Release of company's rights under contract for off-market purchase, 702.Copy of contract or memorandum to be available for inspection, 703.Enforcement of right to inspect copy or memorandum, 704.No assignment of company's right to purchase own shares, 705.Payments apart from purchase price to be made out of distributable profits, 707.Return to registrar of purchase of own shares, 708.Notice to registrar of cancellation of shares, Chapter 5 Redemption or purchase by private company out of capital, 709.Power of private limited company to redeem or purchase own shares out of capital, 713.Requirements for payment out of capital, 714.Directors' statement and auditor's report, 715.Directors' statement: offence if no reasonable grounds for opinion, 716.Payment to be approved by special resolution, 717.Resolution authorising payment: exercise of voting rights, 718.Resolution authorising payment: disclosure of directors' statement and auditor's report, 720.Directors' statement and auditor's report to be available for inspection, Requirements for payment out of capital: employees' share schemes, 720A.Reduced requirements for payment out of capital for purchase of own shares for the purposes of or pursuant to an employees' share scheme, 720B.Registration of resolution and supporting documents for purchase of own shares for the purposes of or pursuant to an employees' share scheme, Objection to payment by members or creditors, 721.Application to court to cancel resolution, 722.Notice to registrar of court application or order, 723.Time when payment out of capital to be made or shares to be surrendered, 730.Treasury shares: notice of cancellation, 731.Treasury shares: treatment of proceeds of sale, 734.Accounting consequences of payment out of capital, 735.Effect of company's failure to redeem or purchase, 737.General power to make further provision by regulations, 740.Enforcement of contract to subscribe for debentures, 741.Registration of allotment of debentures, 744.Register of debenture holders: right to inspect and require copy, 745.Register of debenture holders: response to request for inspection or copy, 746.Register of debenture holders: refusal of inspection or default in providing copy, 747.Register of debenture holders: offences in connection with request for or disclosure of information, 748.Time limit for claims arising from entry in register, 749.Right of debenture holder to copy of deed, 751.Liability of trustees of debentures: saving for certain older provisions, 752.Power to re-issue redeemed debentures, 753.Deposit of debentures to secure advances, 754.Priorities where debentures secured by floating charge, Chapter 1 Prohibition of public offers by private companies, 755.Prohibition of public offers by private company, 757.Enforcement of prohibition: order restraining proposed contravention, 758.Enforcement of prohibition: orders available to the court after contravention, 759.Enforcement of prohibition: remedial order, 760.Validity of allotment etc not affected, Chapter 2 Minimum share capital requirement for public companies, 761.Public company: requirement as to minimum share capital, 765.Authorised minimum: application of initial requirement, 766.Authorised minimum: application where shares denominated in different currencies etc, 767.Consequences of doing business etc without a trading certificate, Part 21 Certification and transfer of securities, Chapter 1 Certification and transfer of securities: general, 768.Share certificate to be evidence of title, 769.Duty of company as to issue of certificates etc on allotment, 772.Transfer of shares on application of transferor, 773.Execution of share transfer by personal representative, 775.Certification of instrument of transfer, 776.Duty of company as to issue of certificates etc on transfer, 777.Issue of certificates etc: cases within the Stock Transfer Act 1982, Issue of certificates etc on allotment or transfer to financial institution, 778.Issue of certificates etc: allotment or transfer to financial institution, 779.Prohibition on issue of new share warrants and effect of existing share warrants, 780.Duty of company as to issue of certificates on surrender of share warrant, 781.Offences in connection with share warrants (Scotland), 782.Issue of certificates etc: court order to make good default, Chapter 2 Evidencing and transfer of title to securities without written instrument, 785.Provision enabling procedures for evidencing and transferring title, 786.Provision enabling or requiring arrangements to be adopted, 787.Provision enabling or requiring arrangements to be adopted: order-making powers, 788.Provision that may be included in regulations, 790.Resolutions to be forwarded to registrar, PART 21A Information about people with significant control, 790B.Companies to which this Part applies, 790D.Company's duty to investigate and obtain information, 790E.Company's duty to keep information up-to-date, 790F.Failure by company to comply with information duties, 790I.Enforcement of disclosure requirements, Exemption from information and registration requirements, 790L.Required particulars: power to amend, CHAPTER 3 Register of people with significant control, 790N.Register to be kept available for inspection, 790O.Rights to inspect and require copies, 790P.PSC register: response to request for inspection or copy, 790Q.PSC register: refusal of inspection or default in providing copy, 790R.PSC register: offences in connection with request for or disclosure of information, 790U.Removal of entries from the register, 790VA.Notification of changes to the registrar, CHAPTER 4 Alternative method of record-keeping, 790Z.Effect of election on obligations under Chapter 3, 790ZA.Duty to notify registrar of changes, 790ZB.Information as to state of central register, 790ZC.Power of court to order company to remedy default or delay, 790ZE.Power to extend option to public companies, 790ZF.Protection of information as to usual residential address, 790ZG.Power to make regulations protecting material, Part 22 Information about interests in a company's shares, Notice requiring information about interests in shares, 793.Notice by company requiring information about interests in its shares, 794.Notice requiring information: order imposing restrictions on shares, 795.Notice requiring information: offences, 796.Notice requiring information: persons exempted from obligation to comply, 797.Consequences of order imposing restrictions, 798.Penalty for attempted evasion of restrictions, 802.Application of proceeds of sale under court order, Power of members to require company to act, 803.Power of members to require company to act, 804.Duty of company to comply with requirement, 805.Report to members on outcome of investigation, 807.Right to inspect and request copy of reports, 809.Register to be kept available for inspection, 811.Rights to inspect and require copy of entries, 812.Court supervision of purpose for which rights may be exercised, 813.Register of interests disclosed: refusal of inspection or default in providing copy, 814.Register of interests disclosed: offences in connection with request for or disclosure of information, 815.Entries not to be removed from register, 816.Removal of entries from register: old entries, 817.Removal of entries from register: incorrect entry relating to third party, 818.Adjustment of entry relating to share acquisition agreement, 819.Duty of company ceasing to be public company, 821.Interest in shares: right to subscribe for shares, 823.Interest in shares: corporate interests, 824.Interest in shares: agreement to acquire interests in a particular company, 825.Extent of obligation in case of share acquisition agreement, 826.Information protected from wider disclosure, 827.Reckoning of periods for fulfilling obligations, 828.Power to make further provision by regulations, Chapter 1 Restrictions on when distributions may be made, 830.Distributions to be made only out of profits available for the purpose, 831.Net asset restriction on distributions by public companies, Distributions by investment companies or Solvency 2 insurance companies, 832.Distributions by investment companies out of accumulated revenue profits, 833A.Distributions by insurance companies authorised under the Solvency 2 Directive, 834.Investment company: condition as to holdings in other companies, 835.Power to extend provisions relating to investment companies, Chapter 2 Justification of distribution by reference to accounts, Justification of distribution by reference to accounts, 836.Justification of distribution by reference to relevant accounts, Requirements applicable in relation to relevant accounts, 837.Requirements where last annual accounts used, 838.Requirements where interim accounts used, 839.Requirements where initial accounts used, Application of provisions to successive distributions etc, 840.Successive distributions etc by reference to the same accounts, 841.Realised losses and profits and revaluation of fixed assets, 842.Determination of profit or loss in respect of asset where records incomplete, 843.Realised profits and losses of long-term insurance business of certain insurance companies, 845.Distributions in kind: determination of amount, 846.Distributions in kind: treatment of unrealised profits, 847.Consequences of unlawful distribution, 848.Saving for certain older provisions in articles, 849.Restriction on application of unrealised profits, 850.Treatment of certain older profits or losses, 851.Application of rules of law restricting distributions, 852.Saving for other restrictions on distributions, PART 24 Annual confirmation of accuracy of information on register, 853A.Duty to deliver confirmation statements, 853C.Duty to notify a change in company's principal business activities, 853D.Duty to deliver statement of capital, 853E.Duty to notify trading status of shares, 853F.Duty to deliver shareholder information: non-traded companies, 853G.Duty to deliver shareholder information: certain traded companies, 853H.Duty to deliver information about exemption from Part 21A, 853I.Duty to deliver information about people with significant control, 853J.Power to amend duties to deliver certain information, 853K.Confirmation statements: power to make further provision by regulations, 853L.Failure to deliver confirmation statement, 855A.Required particulars of directors and secretaries, 856.Contents of annual return: information about shares and share capital, 856A.Contents of annual return: information about shareholders: non-traded companies, 856B.Contents of annual return: information about shareholders: certain traded companies, 857.Contents of annual return: power to make further provision by regulations, 859.Application of provisions to shadow directors, CHAPTER A1 Registration of company charges, 859C.Charges existing on property or undertaking acquired, 859D.Particulars to be delivered to registrar, 859F.Extension of period allowed for delivery, 859G.
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