Source: http://www.legislation.gov.uk/nisi/1986/1032/part/I
Timestamp: 2018-06-20 17:38:01
Document Index: 550795950

Matched Legal Cases: ['Art. 2', 'art. 8', 'Art. 2', 'art. 8', 'Art. 2', 'art. 5', 'Art. 2', 'art. 8', 'Art. 2', 'art. 8', 'Art 2', 'art. 2', 'art. 292', 'Art. 2', 'art. 8', 'Art. 2', 'art. 2', 'art. 2', 'Art. 2', 'Art. 2', 'art 6', 'Art. 9', 'art. 12', 'art 15', 'art. 10', 'art. 10', 'Art. 10', 'art. 8', 'art. 8', 'art. 8']

1.—(1) This Order may be cited as the Companies (Northern Ireland) Order 1986.
[F4“communication” means the same as in the Electronic Communications Act (Northern Ireland) 2001;]
“the Companies Orders” means this Order, the[F5 insider dealing legislation] and the consequential Provisions Order;
[F7F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
[F4“electronic communication” means the same as in the Electronic Communications Act (Northern Ireland) 2001;]
[F5“the insider dealing legislation” means Part V of the Criminal Justice Act 1993 (insider dealing);]
“the Insolvency Account” means the account kept by the Department under[F10 Article 358 of the Insolvency Order];
[F12“prospectus issued generally” means a prospectus issued to persons who are not existing members of the company or holders of its debentures;]
[F13regulated activity has the meaning given in section 22 of the Financial Services and Markets Act 2000;]
a bankrupt who has not been discharged from his bankruptcy by an absolute order of discharge under Article 28 or 30 of the [1980 NI 4] Bankruptcy Amendment (Northern Ireland) Order 1980[F10 or Article 254 of the Insolvency Order], or by virtue of the expiration of the period or the satisfaction of any requirement specified in a suspended or conditional order of discharge under[F10 any] of those Articles, or by virtue of Article 29(2) or (4) (automatic discharge) of that Order[F10 of 1980 or of Article 253 (duration of discharge) of the Insolvency Order];
F3Art. 2: definition of "authorised minimum" repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
F4SR 2003/3
F51993 c.36
F6Art. 2: definition of "debenture" repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
F7SR 2004/263
F8Art. 2: definition of "EEA State" repealed (6.4.2007) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/1093, art. 5, Sch. 2 Pt. 2 (with arts. 8, 11(1), Sch. 6 para. 1)
F9Art. 2: definition of "insurance market activity" repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
F11Art. 2: definition of "prescribed" repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
F12Art 2: definition of "prospectus issued generally" repealed (29.4.1988 for certain purposes, otherwise prosp.) by Financial Services Act 1986 (c. 60), s. 212(3), Sch. 17 Pt. II; S.I. 1988/740, art. 2, Sch. (N.B. 1986 c. 60 repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(c) (with art. 292))
F14Art. 2: definition of "undistributable reserves" repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
F15Art. 2A (new) prosp. insertion by 1990 NI10
F16SI 2001/3649 amending art. 2A which was inserted prosp. by 1990 NI 10
F17SR 2003/3 amending art. 2A which was inserted prosp. by 1990 NI 10
F18SR 2004/263 amending Art. 2A which was inserted prosp. by 1990 NI 10
F19SR 2004/496 5 amendments to be made amending Art. 2A which was inserted prosp. by 1990 NI 10
[F21Relationship of this Order to Insolvency OrderN.I.
2A.—(1 )F22 In this Order “the Insolvency Order” means the Insolvency (Northern Ireland) Order 1989.
(2) In Articles 383(1)(b), 418(5)(a),F23. . . 453(2), 625, 626, 627 and 676 and paragraph 6(1) of Schedule 20 the words “this Order” are to be read as including Parts II to VII and Articles 359 to 362 of the Insolvency Order[F24 and the Company Directors Disqualification (Northern Ireland) Order 2002]
(3) In Articles[F25 653(4) and (5)], 655(1),[F26 656B],[F23 656A(1),] 657(1)(a) and (3),[F23 658(1) and (3),][F23 659A], 662(1), 677 and 680(3) references to the Companies Orders include Parts II to VII and Articles 359 to 362 of the Insolvency Order[F24 and the Company Directors Disqualification (Northern Ireland) Order 2002].]
F211989 NI 19
F242002 NI 4
F251996 NI 11
F26SR 2003/3
[F27Relationship of this Order to Parts IV and V of the Financial Services Act 1986N.I.
2B. In Articles[F28 653(4) and (5)], 655(1), 656(1), 656A(1), 657(1)(a) and (3), 658(1) and (3), 659A and 662(1) references to the Companies Orders include[F29 Part 6 of the Financial Services and Markets Act 2000].]
F281996 NI 11
[F30“ Subsidiary ”, “ holding company ” and “ wholly-owned subsidiary ”N.I.
4.—(1 )F31 A company is a “subsidiary” of another company, its “holding company”, if that other company—
F31(2 )F31 A company is a “wholly-owned subsidiary” of another company if it has no members except that other and that other's wholly-owned subsidiaries or persons acting on behalf of that other or its wholly-owned subsidiaries.
F31mod. by SR 2004/307
[F32Provisions supplementing Article 4N.I.
F33(2) In Article 4(1)(a) and (c) the references to the voting rights in a company are to the rights conferred on shareholders in respect of their shares or, in the case of a company not having a share capital, on members, to vote at general meetings of the company on all, or substantially all, matters.
F33(3) In Article 4(1)(b) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters; and for the purposes of that provision—
(7 )F33 Rights attached to shares held by way of security shall be treated as held by the person providing the security—
(8 )F33 Rights shall be treated as held by a company if they are held by any of its subsidiaries; and nothing in paragraph (6) or (7) shall be construed as requiring rights held by a company to be treated as held by any of its subsidiaries.
(9 )F33 For the purposes of paragraph (7) rights shall be treated as being exercisable in accordance with the instructions or in the interests of a company if they are exercisable in accordance with the instructions of or, as the case may be, in the interests of—
(10 )F33 The voting rights in a company shall be reduced by any rights held by the company itself.
(12 )F33 In this Article “company” includes any body corporate.]
F321990 NI 10
[F34Power to amend Articles 4 and 4AN.I.
(3) So much of section 29(1) of the Interpretation Act (Northern Ireland) 1954 (effect of repeal and re-enactment) as relates to statutory documents shall not apply in relation to any repeal and re-enactment effected by regulations made under this Article.]
“Called-up share capital”N.I.
5.—(1) In this Order, “called-up share capital”, in relation to a company, means so much of its share capital as equals the aggregate amount of the calls made on its shares (whether or not those calls have been paid), together with any share capital paid up without being called and any share capital to be paid on a specified future date under its articles, the terms of allotment of the relevant shares or any other arrangements for payment of those shares.
(2) “Uncalled share capital” is to be construed accordingly.
“Allotment” and “paid up”N.I.
6.—(1) In relation to an allotment of shares in a company, the shares are to be taken for the purposes of this Order to be allotted when a person acquires the unconditional right to be included in the company's register of members in respect of those shares.
(2) For the purposes of this Order, a share in a company is deemed paid up (as to its nominal value or any premium on it) in cash, or allotted for cash, if the consideration for the allotment or payment up is cash received by the company, or is a cheque received by it in good faith which the directors have no reason for suspecting will not be paid, or is a release of a liability of the company for a liquidated sum, or is an undertaking to pay cash to the company at a future date.
(3) In relation to the allotment or payment up of any shares in a company, references in this Order (except Articles 99 to 104) to consideration other than cash and to the payment up of shares and premiums on shares otherwise than in cash include the payment of, or any undertaking to pay, cash to any person other than the company.
(4) For the purpose of determining whether a share is or is to be allotted for cash, or paid up in cash, “cash” includes foreign currency.
7 .F35—(1) In this Order “non-cash asset” means any property or interest in property other than cash; and for this purpose “cash” includes foreign currency.
F35mod. by SR 2004/307
“Body corporate” and “corporation”N.I.
8 .F36 References in this Order to a body corporate or to a corporation do not include a corporation sole, but include a company incorporated elsewhere than in Northern Ireland.
Such references to a body corporate do not include a Scottish firm.
9. F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F37Art. 9 repealed (1.10.2007) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/2194, arts. 1(3)(a), 8, Sch. 2 Pt. 2 (with art. 12)
[F38Expressions used in connection with accountsN.I.
10 .F39—(1) In this Order the following expressions have the same meaning as in [F40Part 15 of the Companies Act 2006 (accounts and reports)]—
[F41“Companies Order accounts”]
[F41“Companies Order individual accounts”]
[F41“IAS accounts”]
[F41“IAS individual accounts”]
(2) References in this Order to “realised profits” and “realised losses”, in relation to a company's accounts, shall be construed in accordance with [F42section 853(4) and (5) of the Companies Act 2006].
(3) F43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
F381990 NI 5
F39mod. by SR 2004/307
F40Words in art. 10(1) substituted (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b), Sch. 1 para. 112(a) (with arts. 6, 11, 12)
F41SR 2004/496
F42Words in art. 10(2) substituted (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b), Sch. 1 para. 112(b) (with arts. 6, 11, 12)
F43Art. 10(3) repealed (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b)(2), Sch. 1 para. 112(c), Sch. 2 (with arts. 6, 11, 12)
[F44Meaning of “offer to the public”N.I.
10A. F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
F44SI 2001/3649
F45Arts. 10A-10C repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
10B F46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F46Arts. 10A-10C repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
Meaning of “insurance company” and “authorised insurance company”N.I.
10C F47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F48
F47Arts. 10A-10C repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12)
F48SI 2001/3649
(b)the[F49 spouses, civil partners, surviving spouses, surviving civil partners] or children, step-children or adopted children under the age of 18 of such employees or former employees.
F492004 c.33