- Statutory Instrument 2005 No. 2746
The Companies (Welsh Language Forms) (Amendment) Regulations 2005
© Crown Copyright 2005
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| Made | 28th September 2005 | ||
| Coming into force | 1st October 2005 |
The Secretary of State in exercise of the powers conferred on him by sections 88(2) and 744 of the Companies Act 1985[1], as extended by section 26(3) of the Welsh Language Act 1993[2] and of all other powers enabling him in that behalf, hereby makes the following regulations:
1. These Regulations may be cited as the Companies (Welsh Language Forms) (Amendment) Regulations 2005 and shall come into force on 1st October 2005.
2. Form 88(2) CYM (Rev 2005) in the Schedule to these Regulations, with such variations as circumstances require, is a form prescribed for the purposes of section 88(2) of the Companies Act 1985 in relation to allotments of shares made on or after 1st December 2003.
3. —(1) Except to the extent specified in paragraph 3(2), form 88(2) CYM in the Schedule to the Companies (Welsh Language Forms) (Amendment) (No. 2) Regulations 1999[3] shall cease to be prescribed in relation to allotments of shares made on or after 1st December 2003.
(2) Notwithstanding paragraph 3(1), the form mentioned in that paragraph may continue to be used for a return delivered to the registrar before 31st October 2006.
Claire Clancy
for the Secretary of State Department of Trade and Industry
28th September 2005
(This note is not part of the Regulations)
These Regulations prescribe an amended form 88(2) CYM (Rev 2005) for use in relation to allotments of shares made on or after 1st December 2003. The amendments to the form are to take account of the abolition of stamp duty (except for instruments relating to stock or marketable securities) under the provisions of Part 4 of the Finance Act 2003 (c. 14) and the consequential amendment of section 88 of the Companies Act 1985 (c. 6) by the Stamp Duty Land Tax (Consequential Amendment of Enactments Regulations 2003) (S.I. 2003/2868).
Form 88(2) CYM prescribed by the Companies (Welsh Language Forms) (Amendment) (No. 2) Regulations continues to be prescribed in relation to allotments made before 1st December 2003. It may also be used for returns made before 31st October 2006 in relation to allotments made on or after 1st December 2003.
Notes:
[1] 1985 c. 6. See the definition of "prescribed" in section 744 of the Companies Act 1985.back
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