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The Companies (Forms) (Amendment) Regulations 2005 No. 2747
URL: http://www.bailii.org/uk/legis/num_reg/2005/20052747.html
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STATUTORY INSTRUMENTS
2005 No. 2747
COMPANIES
The Companies (Forms) (Amendment) Regulations 2005
|
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), 88(3) and 744 of the Companies Act 1985[
1] and of all other powers enabling him in that behalf hereby makes the following Regulations:
1.
These Regulations may be cited as the Companies (Forms) (Amendment) Regulations 2005 and shall come into force on 1st October 2005.
2.
Forms 88(2) (Revised 2005) and 88(3) (Revised 2005) in the Schedule to these Regulations, with such variations as circumstances require, are forms prescribed for the purposes of sections 88(2) and 88(3) respectively 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), the following forms shall cease to be prescribed in relation to allotments of shares made on or after 1st December 2003—
(a) Form 88(2) in the Schedule to the Companies (Forms) (Amendment) (No.2) Regulations 1999[2],
(b) Form 88(3) in Schedule 3 to the Companies (Forms) Regulations 1985[3].
(2) Notwithstanding paragraph 3(1), the forms 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
SCHEDULE
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations prescribe amended forms 88(2) (Revised 2005) and 88(3) (Revised 2005) for use in relation to allotments of shares made on or after 1st December 2003. The amendments to the forms are to take account of the abolition of stamp duty (except on 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) prescribed by the Companies (Forms) (Amendment) (No.2) Regulations 1999 and the form 88(3) prescribed by the Companies (Forms) Regulations 1985 continue to be prescribed in relation to allotments made before 1st December 2003. They 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; sections 88(3) and (4) were amended by the Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003 (S.I. 2003/2868). See the definition of "prescribed" in section 744 of the Companies Act 1985.back
[2]
S.I. 1999/2678.back
[3]
S.I. 1985/854.back
ISBN
0 11 073429 7
| © Crown copyright 2005 |
Prepared
14 October 2005
|