[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 4

Status of private companies which advertise for deposits.

4. If an advertisement for deposits is issued after the commencement of
this Act by a private company, the company shall, so long as the provisions of
this Act as to periodical accounts apply to the company, be deemed not to be a
private company for the purposes of the following provisions of the Companies
Act (Northern Ireland) 1960, that is to say:

(a)section 31, section 210(d) and section 212(1)(a) (several liability of
members, power of the court to wind up, and power of contributories to
petition for winding up, on reduction of number of members below the statutory
minimum);

[(b)section 122 (documents to be annexed to annual return);]

<[(c)section 155(2)(b) (persons qualified as auditors);]


(d)section 167 (number of directors); and

<[(e)section 181(1) (prohibition of loans to directors).]


Accounts required before advertising.

© 1964 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/podai1964455/s4.html