Companies Act 1929

The Companies Act 1929 (19 & 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.

Provisions

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.

Repeal

This Act was repealed by section 459 of, and the seventeenth schedule to, the Companies Act 1948.

gollark: An actual employee? No. We'll use HTech™ Personality Constructs™.
gollark: Also, to help with sleep monitoring, it will ship with an optional EEG headset.
gollark: A what? No, this is the osmarksßßsmartwatch™.
gollark: Anyway, the osmarksßßsmartwatch™ will also incorporate the latest sensor technology, like an accelerometer, a compass for some reason also, a thermometer, a barometer, a humidity sensor, a light level/UV/IR sensor, an ultrasonic distance sensor, a regular microphone, an irregular microphone, lidar, radar, an infrared thing, two incompatible software defined radios, that one weird IC some company made for some reason to detect lightning strikes nearby, a spectrometer, LEDs abused as photodetectors, a DVD player (DVDs must be shrunken or trimmed before use), a portable DNA sequencer, a multi-axis Hall effect sensor, phased array satellite transceivers, atmospheric bismuth concentration meters, an apiometer, a mouse trackball, an optical mouse (miniaturized), a full 22-key keyboard, 3 dedicated hardware buttons, a fan noise detector and estimator, and a blood oxygen concentration reader.
gollark: We'll send them cardboard models.

See also
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