Exemptions and special provisions
15. Public listed companies: provision of summary financial statement.
16. Private companies: election to dispense with laying of accounts and reports before general meeting.
17. Unlimited companies: exemption from requirement to deliver accounts and reports.
18. Banking and insurance companies and groups: special provisions.
Part III Investigations and Powers to Obtain Information
Amendments of the Companies Act 1985
55. Investigations by inspectors not leading to published report.
58. Power to bring civil proceedings on the company’s behalf.
60. Power of Secretary of State to present winding-up petition.
63. Secretary of State’s power to require production of documents.
66. Punishment for destroying, mutilating, &c. company documents.
68. Disclosure of information by Secretary of State or inspector.
Powers exercisable to assist overseas regulatory authorities
Part VI Mergers and Related Matters
Part VII Financial Markets and Insolvency
Part VIII Amendments of the Financial Services Act 1986
193. Restriction of right to bring action for contravention of rules, regulations, &c.
194. Application of designated rules and regulations to members of self-regulating organisations.
197. Construction of references to incurring civil liability.
199. Offers of securities by private companies and old public companies.
201. Directions to secure compliance with international obligations.
206. Consequential amendments and delegation of functions on commencement.
Part X Miscellaneous and General Provisions
SCHEDULES
Amendments Consequential on Part I
Part I Amendments of the Companies Act 1985
1.In section 46 (meaning of “unqualified” auditors’ report in section...
2.In section 209(5)(a)(i) for “an authorised institution” substitute “a banking...
4.In section 271(3), for “section 236” substitute “section 235”.
5.In section 272(3)— (a) for “section 228” substitute “section 226”,...
6.In sections 272(5) and 273(7) for “section 241(3)(b)” substitute “the...
8.For section 279 substitute— Distributions by banking or insurance companies....
9.In section 289(4) for “section 252(5)” substitute “section 250(3)”.
11.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.In section 699(3) for “section 241(3)” substitute “section 242(1)”.
13.In Part XXIII (oversea companies), for Chapter II (delivery of...
14.In section 711(1)(k) for “section 241 (annual accounts)” substitute “section...
15.For section 742 (expressions used in connection with accounts) substitute—...
16.In section 744 (interpretation), omit the definition of “authorised institution”...
17.In Schedule 1, in paragraph 2(2)(a) for “section 252(5)” substitute...
18.(1) Schedule 2 (interpretation of references to “ beneficial interest...
19.(1) Part II of Schedule 3 (prospectuses: auditors’ and accountants’...
20.In paragraph 12(b) of Schedule 4, for “section 238” substitute...
22.(1) In Schedule 15A (renumbered 15B) (provisions applicable to mergers...
23.In Schedule 22 (provisions applying to unregistered companies), in the...
24.(1) Schedule 24 (punishment of offences) is amended as follows....
Part II Amendments of Other Enactments
Part 3 Arrangements in which supervisory bodies are required to participate
17.Arrangements for setting standards relating to professional integrity and independence
19.Arrangements for independent monitoring of audits of listed and other major companies
20.Arrangements for independent investigation for disciplinary purposes of public interest cases
21.Supplementary: arrangements to operate independently of body
Amendments Consequential on Part IV
Company Contracts, Seals, &c.: Further Provisions
“Subsidiary” and related expressions: consequential amendments and savings
Amendments about mergers and related matters