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The Companies Act 1985 (c. 6) is an Act of the Parliament of the United Kingdom of Great Britain and Northern Ireland, enacted in 1985, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. It has largely been superseded by the Companies Act 2006.
The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law. The act was brought into force in stages, with the final provision being commenced on 1 October 2009. It largely superseded the Companies Act 1985.
Under the Companies Act 2006 the relevant provision is s 994, the identical successor to s 459 Companies Act 1985. Unfair prejudice actions have generated an enormous body of cases, many of which are called "Re A Company", with only a six-digit number and report citation to distinguish them.
The drastic remedy of liquidation was mitigated significantly as the unfair prejudice action was introduced by the Companies Act 1985. Now under the Companies Act 2006 section 996, a court can grant any remedy, but will often simply require that a minority shareholder's interest is bought out by the majority at a fair value. The cause of action ...
The Companies Act 1985 (c. 6) The Companies Consolidation (Consequential Provisions) Act 1985 (c. 9) The Companies Act 1989 (c. 40) The Statutory Water Companies Act 1991 (c. 58) The Insurance Companies (Reserves) Act 1995 (c. 29) (repealed) The Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27) The Companies Act 2006 ...
An objects clause is a provision in a company's constitution stating the purpose and range of activities for which the company is carried on. In UK company law, until reforms enacted in the Companies Act 1989 and the Companies Act 2006, an objects clause circumscribed the capacity, or power, of a company to act.
O'Neill v Phillips [1999] UKHL 24 is a UK company law case on an action for unfair prejudice under s.459 Companies Act 1985 (now s.994 Companies Act 2006).It is the only case thus far in the House of Lords on the provision and it deals with the concept of members of a business having their "legitimate expectations" disappointed.
Companies Act 2006 ss 21, 112, 168 and 284, company constitutions, amendment, voting rights and removal of directors Model Articles, Sch 3, paras 3 and 34, model articles for public companies Companies Act 2006 ss 170–177, 260–263 and 419 (directors’ duties, derivative claims, report)