Statutory Instrument 1987 No. 1991

The Companies (Mergers and Divisions) Regulations 1987

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

1987 No. 1991

COMPANIES

The Companies (Mergers and Divisions) Regulations 1987

Made	23rd November 1987

Coming into force

1st January 1988

Whereas a draft of these Regulations has been approved by each House of Parliament in pursuance of paragraph 2(2) of Schedule 2 to the European Communities Act 1972^[1].

Now, therefore, the Secretary of State, being a Minister designated for the purposes of section 2(2) of that Act in relation to matters relating to mergers and divisions involving public companies^[2], in exercise of the powers conferred by that section hereby makes the following Regulations—

Citation and Commencement
    1.    These Regulations may be cited as the Companies (Mergers and Divisions) Regulations 1987, and shall come into force on 1st January 1988.

Amendment of Companies Act 1985
    2.    The Companies Act 1985^[3] shall be amended as follows—
 (a) by the insertion after section 427 of the new section 427A contained in Part I of the Schedule hereto;
 (b) by adding at the end of section 711(1) the following paragraphs—
"(s) any copy of a draft of the terms of a scheme delivered to the registrar of companies under paragraph 2(1) of Schedule 15A,

(t) any copy of an order under section 425(2) or section 427 in respect of a compromise or arrangement to which section 427A(1) applies.";

 (c) by the insertion after Schedule 15 of the new Schedule 15A contained in Part II of the Schedule hereto.

Francis Maude

Parliamentary Under Secretary of State, Department of Trade and Industry

23rd November 1987

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Notes:

[1] 1972 c. 68.

[2] S.I. 1985/749.

[3] 1985 c. 6.

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