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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Published date: 21 December 1908

Companies (Consolidation) Act, 1908 (No. 69)

Comparing proposed amendment...
Introductory Text
Part I Constitution and Incorporation (ss. 1-21)
Prohibition of Large Partnerships (s. 1)
Repealed
1. Prohibition of partnerships exceeding certain number.
Memorandum of Association (ss. 2-9)
Repealed
2. Mode of forming incorporated company limited by schares.
Repealed
3. Memorandum of company limited by shares.
Repealed
4. Memorandum of company limited by guarantee.
Repealed
5. Memorandum of unlimited company.
Repealed
6. Stamp and signature of memorandum.
Repealed
7. Restriction on alteration of memorandum.
Repealed
8. Name of company and change of name.
Repealed
9. Alteration of objects of company.
Articles of Association (ss. 10-13)
Repealed
10. Registration of articles.
Repealed
11. Application of Table A.
Repealed
12. Form, stamp, and signature of articles.
Repealed
13. Alteration of articles by special resolution.
General Provisions (ss. 14-18)
Repealed
14. Effect of memorandum and articles.
Repealed
15. Registration of memorandum and articles.
Repealed
16. Effect of registration.
Repealed
17. Conclusiveness of certificate of incorporation.
Repealed
18. Copies of memorandum and articles to be given to members.
Associations not for Profit (ss. 19-20)
Repealed
19. Restriction on charitable and other companies holding land.
Repealed
20. Power to dispense with "Limited" in name of charitable and other companies.
Companies limited by Guarantee (s. 21)
Repealed
21. Provision as to companies limited by guarantee.
Part II Distribution and Reduction of Share Capital, Registration of Unlimited Company as Limited, and Unlimited Liability of Directors (ss. 22-61)
Distribution of Share Capital (ss. 22-45)
Repealed
22. Nature of shares.
Repealed
23. Certificate of shares or stock.
Repealed
24. Definition of member.
Repealed
25. Register of members.
Repealed
26. Annual list of members and summary.
Repealed
27. Trusts not to be entered on register.
Repealed
28. Registration of transfer at request of transferor.
Repealed
29. Transfer by personal representative.
Repealed
30. Inspection of register of members.
Repealed
31. Power to close register.
Repealed
32. Power of court to rectify register.
Repealed
33. Register to be evidence.
Repealed
34. Power for company to keep colonial register.
Repealed
35. Regulations as to colonial register.
Repealed
36. Stamp duties in case of shares registered in colonial registers.
Repealed
37. Issue and effect of share warrants to bearer.
Repealed
38. Forgery, personation, unlawfully engraving plates, & c.
Repealed
39. Power of company to arrange for different amounts being paid on shares.
Repealed
40. Power to return accumulated profits in reduction of paid-up share capital.
Repealed
41. Power of company limited by shares to alter its share capital.
Repealed
42. Notice to registrar of consolidation of share capital, conversion of shares into stock, & c.
Repealed
43. Effect of conversion of shares into stock.
Repealed
44. Notice of increase of share capital or of members.
Repealed
45. Reorganisation of share capital.
Reduction of Share Capital (ss. 46-56)
Repealed
46. Special resolution for reduction of Share Capital.
Repealed
47. Application to court for confirming order.
Repealed
48. Addition to name of company of "and reduced."
Repealed
49. Objections by creditors and settlement of list of objecting creditors.
Repealed
50. Order confirming reduction.
Repealed
51. Registration of order and minute of reduction.
Repealed
52. Minute to form part of memorandum.
Repealed
53. Liability of members in respect of reduced shares.
Repealed
54. Penalty on concealment of name of creditor.
Repealed
55. Publication of reasons for reduction.
Repealed
56. Increase and reduction of share capital in case of a company limited by guarantee having a share capital.
Registration of Unlimited Company as Limited (ss. 57-58)
Repealed
57. Registration of unlimited company as limited.
Repealed
58. Power of unlimited company to provide for reserve share capital on re-registration.
Reserve Liability of Limited Company (s. 59)
Repealed
59. Reserve liability of limited company.
Unlimited Liability of Directors (ss. 60-61)
Repealed
60. Limited company may have directors with unlimited liability.
Repealed
61. Special resolution of limited company making liability of directors unlimited.
Part III Management and Administration (ss. 62-121)
Office and Name (ss. 62-63)
Repealed
62. Registered office of company.
Repealed
63. Publication of name by a limited company.
Meetings and Proceedings (ss. 64-71)
Repealed
64. Annual general meeting.
Repealed
65. First statutory meeting of company.
Repealed
66. Convening of extraordinary general meeting on requisition.
Repealed
67. Provisions as to meetings and votes.
Repealed
68. Representation of companies at meetings of other companies of which they are members.
Repealed
69. Definitions of extraordinary and special resolution.
Repealed
70. Registration and copies of special resolutions.
Repealed
71. Minutes of proceedings of meetings and directors.
Appointment, Qualification, & c. of Directors (ss. 72-75)
Repealed
72. Restrictions on appointment or advertisement of director.
Repealed
73. Qualification of director.
Repealed
74. Validity of acts of directors.
Repealed
75. List of directors to be sent to registrar.
Contracts, & c (ss. 76-79)
Repealed
76. Form of contracts.
Repealed
77. Bills of exchange and promissory notes.
Repealed
78. Execution of deeds abroad.
Repealed
79. Power for company to have official seal for use abroad.
Prospectus (ss. 80-84)
Repealed
80. Filing of prospectus.
Repealed
81. Specific requirements as to particulars of prospectus.
Repealed
82. Obligations of companies where no prospectus is issued.
Repealed
83. Restriction on alteration of terms mentioned in prospectus or statement in lieu of prospectus.
Repealed
84. Liability for statements in prospectus.
Allotment (ss. 85-88)
Repealed
85. Restriction as to allotment.
Repealed
86. Effect of irregular allotment.
Repealed
87. Restrictions on commencement of business.
Repealed
88. Return as to allotments.
Commissions and Discounts (ss. 89-90)
Repealed
89. Power to pay certain commissions, and prohibition of payment of all other commissions, discounts, & c.
Repealed
90. Statement in balance sheet as to commissions and discounts.
Payment of Interest out of Capital (s. 91)
Repealed
91. Power of company to pay interest out of capital in certain cases.
Certificates of Shares, & c (s. 92)
Repealed
92. Limitation of time for issue of certificates.
Information as to Mortgages, Charges, & c (ss. 93-102)
Repealed
93. Registration of mortgages and charges in England and Ireland.
Repealed
94. Registration of enforcement of security.
Repealed
95. Filing of accounts of receivers and managers.
Repealed
96. Rectification of register of mortgages.
Repealed
97. Entry of satisfaction.
Repealed
98. Index to register of mortgages and charges.
Repealed
99. Penalties.
Repealed
100. Company's register of mortgages.
Repealed
101. Right to inspect copies of instruments creating mortgages and charges and company's register of mortgages.
Repealed
102. Right of debenture holders to inspect the register of debenture holders and to have copies of trust deed.
Debentures and Floating Charges (ss. 103-107)
Repealed
103. Perpetual debentures.
Repealed
104. Power to re-issue redeemed debentures in certain cases.
Repealed
105. Specific performance of contract to subscribe for debentures.
Repealed
106. Validity of debentures to bearer in Scotland.
Repealed
107. Payments of certain debts out of assets subject to floating charge in priority to claims under the charge.
Statement to be published by Banking and certain other Companies (s. 108)
Repealed
108. Certain companies to publish statement in schedule.
Inspection and Audit (ss. 109-114)
Repealed
109. Investigation of affairs of company by Board of Trade inspectors.
Repealed
110. Power of company to appoint inspectors.
Repealed
111. Report of inspectors to be evidence.
Repealed
112. Appointment and remuneration of auditors.
Repealed
113. Powers and duties of auditors.
Repealed
114. Rights of preference shareholders, & c. as to receipt and inspection of reports, & c.
Carrying on Business with less than the legal Minimum of Members (s. 115)
Repealed
115. Prohibition of carrying on business with fewer than seven or, in the case of a private company, two members.
Service and Authentication of Documents (s. 116-117)
Repealed
116. Service of documents on company.
Repealed
117. Authentication of documents.
Tables and Forms (s. 118)
Repealed
118. Application and alteration of tables and forms.
Arbitrations (s. 119)
Repealed
119. Arbitration between companies and others.
Power to compromise (s. 120)
Repealed
120. Power to compromise with creditors and members.
Meaning of "Private Company" (s. 121)
Repealed
121. Meaning of "private company."
Part IV Winding Up (ss. 122-242)
Preliminary (s. 122)
Repealed
122. Modes of winding up.
Contributories (ss. 123-128)
Repealed
123. Liability as contributories of present and past members.
Repealed
124. Definition of contributory.
Repealed
125. Nature of liability of contributory.
Repealed
126. Contributories in case of death of member.
Repealed
127. Contributories in case of bankruptcy of member.
Repealed
128. Provision as to married women.
Winding up by Court (ss. 129-145)
Repealed
129. Circumstances in which company may be wound up by court.
Repealed
130. Company when deemed unable to pay its debts.
Repealed
131. Jurisdiction to wind up companies in England.
Repealed
132. Conduct of winding-up business in High Court in England.
Repealed
133. Transfer of proceedings.
Repealed
134. Jurisdiction to wind up companies in Ireland.
Repealed
135. Jurisdiction to wind up companies in Scotland.
Repealed
136. Power in Scotland to remit winding up to Lord Ordinary.
Repealed
137. Provisions as to applications for winding up.
Repealed
138. Effect of winding-up order.
Repealed
139. Commencement of winding up by court.
Repealed
140. Power to stay or restrain proceedings against company.
Repealed
141. Powers of court on hearing petition.
Repealed
142. Actions stayed on winding-up order.
Repealed
143. Copy of order to be forwarded to registrar.
Repealed
144. Power of court to stay winding up.
Repealed
145. Court may have regard to wishes of creditors or contributories.
Official Receiver (ss. 146-148)
Repealed
146. Definition of official receiver.
Repealed
147. Statement of company's affairs to be submitted to official receiver.
Repealed
148. Report by official receiver.
Liquidators (ss. 149-159)
Repealed
149. Appointment, remuneration, and title of liquidators.
Repealed
150. Custody of company's property.
Repealed
151. Powers of liquidator.
Repealed
152. Meetings of creditors and contributories in English winding up.
Repealed
153. Liquidator to give information to official receiver.
Repealed
154. Payments of liquidator in English winding up into bank.
Repealed
155. Audit of liquidator's accounts in English winding up.
Repealed
156. Books to be kept by liquidator in English winding up.
Repealed
157. Release of liquidators in England.
Repealed
158. Exercise and control of liquidator's powers in England.
Repealed
159. Control of Board of Trade over liquidators in England.
Committee of Inspection, Special Manager, Receiver (ss. 160-162)
Repealed
160. Committee of inspection in English winding up.
Repealed
161. Power in England to appoint special manager.
Repealed
162. Power in England to appoint official receiver as receiver for debenture holders or creditors.
Ordinary Powers of Court (ss. 163-173)
Repealed
163. Settlement of list of contributories and application of assets.
Repealed
164. Power to require delivery of property.
Repealed
165. Power to order payment of debts by contributory.
Repealed
166. Power of court to make calls.
Repealed
167. Power to order payment into bank.
Repealed
168. Order on contributory conclusive evidence.
Repealed
169. Power to exclude creditors not proving in time.
Repealed
170. Adjustment of rights of contributories.
Repealed
171. Power to order costs.
Repealed
172. Dissolution of company.
Repealed
173. Delegation to liquidator of certain powers of court in England.
Extraordinary Powers of Court (ss. 174-177)
Repealed
174. Power to summon persons suspected of having property of company.
Repealed
175. Power in England to order public examination of promoters, directors, &c.
Repealed
176. Power to arrest absconding contributory.
Repealed
177. Powers of court cumulative.
Enforcement of and Appeal from Orders (ss. 178-181)
Repealed
178. Power to enforce orders.
Repealed
179. Order for calls on contributories in Scotland.
Repealed
180. Enforcement of orders throughout United Kingdom.
Repealed
181. Appeals from order.
Voluntary Winding Up (ss. 182-198)
Repealed
182. Circumstances in which company may be wound up voluntarily.
Repealed
183. Commencement of voluntary winding up.
Repealed
184. Effect of voluntary winding up on status of company.
Repealed
185. Notice of resolution to wind up voluntarily.
Repealed
186. Consequences of voluntary winding up.
Repealed
187. Notice by liquidator of his appointment.
Repealed
188. Rights of creditors in a voluntary winding up.
Repealed
189. Power to fill vacancy in office of liquidator.
Repealed
190. Delegation of authority to appoint liquidators.
Repealed
191. Arrangement when binding on creditors.
Repealed
192. Power of liquidator to accept shares, &c. as consideration for sale of property of company.
Repealed
193. Power to apply to court.
Repealed
194. Power of liquidator to call general meeting.
Repealed
195. Final meeting and dissolution.
Repealed
196. Costs of voluntary liquidation.
Repealed
197. Saving for rights of creditors and contributories.
Repealed
198. Power of court to adopt proceedings of voluntary winding up.
Winding Up subject to Supervision of Court (ss. 199-204)
Repealed
199. Power to order winding up subject to supervision.
Repealed
200. Effect of petition for winding up subject to supervision.
Repealed
201. Court may have regard to wishes of creditors and contributories.
Repealed
202. Power for court to appoint or remove liquidators.
Repealed
203. Effect of supervision order.
Repealed
204. Appointment of voluntary liquidator as liquidator in winding up by court in Scotland or Ireland.
Supplemental Provisions (ss. 205-236)
Repealed
205. Avoidance of transfers, &c. after commencement of winding up.
Repealed
206. Debts of all descriptions to be proved.
Repealed
207. Application of bankruptcy rules in winding up of insolvent English and Irish companies.
Repealed
208. Ranking of claims in Scotland.
Repealed
209. Preferential payments.
Repealed
210. Fraudulent preference.
Repealed
211. Avoidance of certain attachments, executions, &c. in case of company registered in England or Ireland.
Repealed
212. Effect of floating charge.
Repealed
213. Effect in case of company registered in Scotland of diligence within sixty days of winding up by or subject to supervision of court.
Repealed
214. General scheme of liquidation may be sanctioned.
Repealed
215. Power of court to assess damages against delinquent directors, &c.
Repealed
216. Penalty for falsification of books.
Repealed
217. Prosecution of delinquent directors, &c.
Repealed
218. Penalty on perjury.
Repealed
219. Meetings to ascertain wishes of creditors or contributories.
Repealed
220. Books of company to be evidence.
Repealed
221. Inspection of books.
Repealed
222. Disposal of books and papers of company.
Repealed
223. Power of court to declare dissolution of company void.
Repealed
224. Information as to pending liquidations in England.
Repealed
225. Judicial notice of signature of officers.
Repealed
226. Special commission for receiving evidence.
Repealed
227. Court may order examination of persons in Scotland.
Repealed
228. Affidavits, &c. in United Kingdom and colonies.
Repealed
229. Companies Liquidation Account defined.
Repealed
230. Investment of surplus funds on general account.
Repealed
231. Separate accounts of particular estates.
Repealed
232. Certain receipts and fees to be applied in aid of expenditure.
Repealed
233. Officers and remuneration.
Repealed
234. Annual accounts of English, winding up.
Repealed
235. Returns by officers in English winding up.
Repealed
236. Proceedings of Board of Trade.
Rules and Fees (ss. 237-238)
Repealed
237. Rules and fees for winding up in England.
Repealed
238. Powers to make rules of procedure.
Special Provisions as to Stannaries (ss. 239-241)
Repealed
239. Attachment of debt due to contributory on winding up in stannaries court.
Repealed
240. Preferential payments in stannaries cases.
Repealed
241. Provisions as to mine club funds.
Removal of Defunct Companies from Register (s. 242)
Repealed
242. Registrar may strike defunct company off register.
Part V Registration Office and Fees (ss. 243-244)
Repealed
243. Registration offices in England, Scotland, and Ireland.
Repealed
244. Fees.
Part VI Application of Act to Companies formed and registered under former Companies Act (ss. 245-248)
Repealed
245. Application of Act to companies formed under former Companies Acts.
Repealed
246. Application of Act to companies registered under former Companies Acts.
Repealed
247. Application of Act to companies re-registered under Companies Act, 1879.
Repealed
248. Mode of transferring shares.
Part VII Companies authorised to register under this Act (ss. 249-266)
Repealed
249. Companies capable of being registered.
Repealed
250. Definition of joint stock company.
Repealed
251. Liability of bank of issue unlimited in respect of notes.
Repealed
252. Requirements for registration by joint stock companies.
Repealed
253. Requirements for registration by other than joint stock companies.
Repealed
254. Authentication of statements of existing companies.
Repealed
255. Registrar may require evidence as to nature of company.
Repealed
256. On registration of banking company with limited liability, notice to be given to customers.
Repealed
257. Exemption of certain companies from payment of fees.
Repealed
258. Addition of "limited" to name.
Repealed
259. Certificate of registration of existing companies.
Repealed
260. Vesting of property on registration.
Repealed
261. Saving for existing liabilities.
Repealed
262. Continuation of existing actions.
Repealed
263. Effect of registration under Act.
Repealed
264. Power to substitute memorandum and articles for deed of settlement.
Repealed
265. Power of court to stay or restrain proceedings.
Repealed
266. Actions stayed on winding-up order.
Part VIII Winding Up of Unregistered Companies (ss. 267-273)
Repealed
267. Meaning of unregistered company.
Repealed
268. Winding up of unregistered companies.
Repealed
269. Contributories in winding up of unregistered company.
Repealed
270. Power of court to stay or restrain proceedings.
Repealed
271. Actions stayed on winding-up order.
Repealed
272. Directions as to property in certain cases.
Repealed
273. Provisions of Part of Act cumulative.
Part IX Companies established outside the United Kingdom (ss. 274-275)
Repealed
274. Requirements as to companies established outside the United Kingdom.
Repealed
275. Power of companies incorporated in British possessions to hold lands.
Part X Supplemental (ss. 276-296)
Legal Proceedings, Offences, &c (ss. 276-282)
Repealed
276. Prosecution of offences.
Repealed
277. Applications of fines.
Repealed
278. Costs in actions by certain limited companies.
Repealed
279. Power of court to grant relief in certain cases.
Repealed
280. Jurisdiction of stannaries court.
Repealed
281. Penalty for false statement.
Repealed
282. Penalty for improper use of word "Limited."
Report by Board of Trade (s. 283)
Repealed
283. Annual Report by Board of Trade.
Authentication of Documents issued by Board of Trade (s. 284)
Repealed
284. Authentication of documents issued by Board of Trade.
Interpretation, &c (s. 285)
Repealed
285. Interpretation.
Repeal of Acts and Transitional Provisions (ss. 286-296)
Repealed
286. Repeal of Acts and savings.
Repealed
287. Saving of pending proceedings for winding up.
Repealed
288. Saving of deeds.
Repealed
289. Former registration offices, registers, official receivers, &c. continued.
Repealed
290. Saving for existing rules of procedure, &c.
Repealed
291. Substitution of provisions of this Act for provisions of repealed Acts.
Repealed
292. Saving for 28 & 29 Vict. c. 78. s. 3.
Repealed
293. Saving for Life Assurance Companies Acts.
Repealed
294. Saving for 34 & 35 Vict. c. 31. s. 5.
Repealed
295. Short title.
Repealed
296. Commencement of Act.
Repealed
First Schedule
Repealed
Second Schedule The Companies (Consolidation) Act, 1908
Repealed
Third Schedule
Fourth Schedule
Repealed
Fourth Schedule, Part I Orders Pronounced in Vacation in Scotland which are to be Final
Repealed
Fourth Schedule, Part II Orders Pronounced in Vacation in Scotland which are to take effect until Reclaiming Note disposed of
Repealed
Fifth Schedule Provisions referred to in Section 281 of the Act
Sixth Schedule
Repealed
Sixth Schedule, Part I Enactments repealed
Repealed
Sixth Schedule, Part II An Act to regulate Joint Stock Banks in England (7 & 8 Vict. c. 113), s. 47