[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 25

Companies subject to this Act.

25.(1) In this Act "company" means, subject to subsections (2) and (3)

(a)a company formed and registered under the Companies Act (Northern Ireland)
1960;

(b)an existing company within the meaning of that Act;

(c)a body corporate incorporated in and having a principal place of business
in Northern Ireland, being a body to which any provisions of the said Act of
1960 with respect to prospectuses and allotments apply by virtue of
section 383 of that Act; or

(d)a body corporate incorporated outside Northern Ireland.

(2) References in this Act to a company do not include references to any
banking or discount company ....

(3) Regulations made under paragraph (b) of subsection (1) of section 3 may
direct that all or any of the provisions of this Act which apply to a company
in respect of or in consequence of the issue of an advertisement for deposits
shall not apply to any company in respect of or in consequence of the issue of
an advertisement (whether issued before or after the regulations come into
force) of any class exempted by the regulations from section 2; and such
regulations may include provision

(a)for requiring any company which, by virtue of the regulations, is exempt
from the requirement to deliver accounts under this Act, to deliver a notice
to that effect to the Registrar and to the Ministry; and

(b)for applying subsection (4) of section 7 in relation to any such company
which thereafter ceases to be so exempt.

© 1964 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/podai1964455/s25.html