Forms made under the 1929 Act introduced the term "Companies Court", referring to the High Court, Chancery Division, when exercising its jurisdiction for company law matters (Re Tasbian Ltd (No 2) [1990] BCC 322, 324).
s 77(1) authorised the court in a compulsory winding up to direct the liquidator either to prosecute the offender himself or to refer the matter to the Director of Public Prosecutions. If it appeared to the liquidator in a voluntary winding up that any past or present director, manager or other officer of the company had been guilty of an offence in relation to the company for which he was criminally liable, section 77(2) required him to report the matter to the Director of Public Prosecutions. It also required the liquidator to give the Director of Public Prosecutions information and access to documents in his possession or under his control. If the Director of Public Prosecutions decided not to bring proceedings against the offender, the liquidator could do so himself though only with the leave of the court. This was a safeguard against the company's assets being wasted on frivolous or vexatious proceedings.
Repealedit
This Act was repealed by section 459 of, and the seventeenth schedule to, the Companies Act 1948.
companies, 1929, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, september,. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Companies Act 1929 news newspapers books scholar JSTOR September 2013 Learn how and when to remove this template message The Companies Act 1929 19 amp 20 Geo 5 c 23 was an Act of the Parliament of the United Kingdom which regulated UK company law Its descendant is the Companies Act 2006 Companies Act 1929Act of ParliamentParliament of the United KingdomLong titleAn Act to consolidate the Companies Acts 1908 to 1928 and certain other enactments connected with the said Acts Citation19 amp 20 Geo 5 c 23DatesRoyal assent10 May 1929Other legislationRepeals revokesCompanies Consolidation Act 1908Companies Act 1913Companies Particulars as to Directors Act 1917Companies Act 1928Repealed byCompanies Act 1948Status RepealedText of statute as originally enacted Contents 1 Provisions 2 Repeal 3 See also 4 External linksProvisions editForms made under the 1929 Act introduced the term Companies Court referring to the High Court Chancery Division when exercising its jurisdiction for company law matters Re Tasbian Ltd No 2 1990 BCC 322 324 s 77 1 authorised the court in a compulsory winding up to direct the liquidator either to prosecute the offender himself or to refer the matter to the Director of Public Prosecutions If it appeared to the liquidator in a voluntary winding up that any past or present director manager or other officer of the company had been guilty of an offence in relation to the company for which he was criminally liable section 77 2 required him to report the matter to the Director of Public Prosecutions It also required the liquidator to give the Director of Public Prosecutions information and access to documents in his possession or under his control If the Director of Public Prosecutions decided not to bring proceedings against the offender the liquidator could do so himself though only with the leave of the court This was a safeguard against the company s assets being wasted on frivolous or vexatious proceedings Repeal editThis Act was repealed by section 459 of and the seventeenth schedule to the Companies Act 1948 See also editUK company law Companies ActExternal links editTable A amended by the CA 1929 Hansard debates Retrieved from https en wikipedia org w index php title Companies Act 1929 amp oldid 1176431786, wikipedia, wiki, book, books, library,
