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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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220 provisions Title and introductory text Companies Act 1989
1989 c. 40
An Act to amend the law relating to company accounts; to make new provision with respect to the persons eligible for appointment as company auditors; to amend the Companies Act 1985 and certain other enactments with respect to investigations and powers to obtain information and to confer new powers exercisable to assist overseas regulatory authorities; to make new provision with respect to the registration of company charges and otherwise to amend the law relating to companies; to amend the Fair Trading Act 1973; to enable provision to be made for the payment of fees in connection with the exercise by the Secretary of State, the Director General of Fair Trading and the Monopolies and Mergers Commission of their functions under Part V of that Act; to make provision for safeguarding the operation of certain financial markets; to amend the Financial Services Act 1986; to enable provision to be made for the recording and transfer of title to securities without a written instrument; to amend the Company Directors Disqualification Act 1986, the Company Securities (Insider Dealing) Act 1985, the Policyholders Protection Act 1975 and the law relating to building societies; and for connected purposes.
[16th November 1989]
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Propose a change 1 Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 2 Accounting records. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 3 A company’s financial year and accounting reference periods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 4 Individual company accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 5 Group accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 6 Additional disclosure required in notes to accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 7 Approval and signing of accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 8 Directors’ report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 9 Auditors’ report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 10 Publication of accounts and reports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 11 Laying and delivering of accounts and reports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 12 Remedies for failure to comply with accounting requirements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 13 Small and medium-sized companies and groups. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 14 Dormant companies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 15 Public listed companies: provision of summary financial statement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 16 Private companies: election to dispense with laying of accounts and reports before general meeting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 17 Unlimited companies: exemption from requirement to deliver accounts and reports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 18 Banking and insurance companies and groups: special provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 19 Accounting standards. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 20 Power to alter accounting requirements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 21 Parent and subsidiary undertakings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 22 Other interpretation provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 23 Consequential amendments. The enactments specified in Schedule 10 have effect with the amendments specified there, which are consequential on the amendments made by the preceding provisions of this Part.
Propose a change 24 Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 25 Eligibility for appointment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 26 Effect of appointment of partnership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 27 Ineligibility on ground of lack of independence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 28 Effect of ineligibility. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 29 Power of Secretary of State to require second audit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 30 Supervisory bodies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 31 Meaning of “appropriate qualification”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 32 Qualifying bodies and recognised professional qualifications. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 33 Approval of overseas qualifications. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 34 Eligibility of individuals retaining only 1967 Act authorisation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 35 The register of auditors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 36 Information about firms to be available to public. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 37 Matters to be notified to the Secretary of State. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 38 Power to call for information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Propose a change 39 Compliance orders. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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