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The Companies (Principal Business Activities) (Amendment) Regulations 2002

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Statutory Instruments

2002 No. 3081

COMPANIES

The Companies (Principal Business Activities) (Amendment) Regulations 2002

Made

13th December 2002

Laid before Parliament

16th December 2002

Coming into force

1st January 2003

The Secretary of State, in exercise of the powers conferred on her by sections 364(3) and 744(1) of the Companies Act 1985(2), hereby makes the following Regulations:

1.  These Regulations may be cited as the Companies (Principal Business Activities) (Amendment) Regulations 2002 and shall come into force on 1st January 2003.

2.  (1)  The Companies (Forms Amendment No. 2 and Company’s Type and Principal Business Activities) Regulations 1990(3) (“the 1990 Regulations”) are amended as follows.

(2) In regulation 2, for the words from “the Standard Industrial Classification” to “Central Statistical Office,” substitute the following—

“the UK Standard Industrial Classification of Economic Activities 2003” means the edition published by Her Majesty’s Stationery Office of the publication of that name prepared by the Office of National Statistics.(4)

(3) For paragraph (2) of regulation 5 substitute the following paragraph—

(2) With effect from 1st January 2003, the UK Standard Industrial Classification of Economic Activities 2003, with the addition of the code set out in Part II of Schedule 3 to these Regulations, is prescribed for the purposes of section 364(3).

(4) For Part II of Schedule 3 (code added to Standard Industrial Classification of Economic Activities 1992 Classification) substitute—

  • CODE ADDED TO UK STANDARD INDUSTRIAL CLASSIFICATION OF ECONOMIC ACTIVITIES 2003 CLASSIFICATION 9800 RESIDENTS' PROPERTY MANAGEMENT COMPANY.

J. Spinks,

for Secretary of State,

Department of Trade and Industry

13th December 2002

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend the Companies (Forms Amendment No. 2 and Company’s Type and Principal Business Activities) Regulations 1990 (“the 1990 Regulations”). The 1990 Regulations prescribe the system of classifying business activities for the purposes of section 364(1)(b) of the Companies Act 1985 (as substituted by the Companies Act 1989) which requires a company to give its principal business activities in its annual return, by reference to a prescribed classification. These Regulations amend the 1990 Regulations by prescribing for this purpose the UK Standard Industrial Classification of Economic Activities 2003. Copies of the UK Standard Industrial Classification of Economic Activities 2003 are available from Her Majesty’s Stationery Office.

(1)

See definition of “prescribed”.

(2)

1985 c. 6; section 364 was substituted by section 139 of the Companies Act 1989 (c. 40).

(3)

S.I. 1990/1766, as amended by S.I. 1996/1105.

(4)

ISBN 0 11 621641 7.

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