Companies Act 1989

Section 130(7).

SCHEDULE 17 U.K. Company Contracts, Seals, &c.: Further Provisions

Execution of deeds abroad U.K.

1 (1) Section 38 of the M1 Companies Act 1985 (execution of deeds abroad) is amended as follows. U.K.

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(3) For subsection (2) (effect of deed executed by attorney) substitute—

“(2) A deed executed by such an attorney on behalf of the company has the same effect as if it were executed under the company’s common seal.”.

Textual Amendments

F1 Sch. 17 paras. 1(2), 2(4), 8, 10 repealed by Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c. 40, SIF 27; 68A:2; 76:2), s. 74(2), Sch. 9

Marginal Citations

M1 1985 c. 6.

Official seal for use abroad U.K.

2 (1) Section 39 of the Companies Act 1985 (power to have official seal for use abroad) is amended as follows. U.K.

(2) In subsection (1), after “A company” insert “which has a common seal” and for “the common seal of the company” substitute “its common seal”.

(3) For subsection (2) (effect of sealing with official seal) substitute—

“(2) The official seal when duly affixed to a document has the same effect as the company’s common seal.”.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

Textual Amendments

F2 Sch. 17 paras. 1(2), 2(4), 8, 10 repealed by Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c. 40, SIF 27; 68A:2; 76:2), s. 74(2), Sch. 9

Official seal for share certificates, &c. U.K.

3 (1) Section 40 of the M2 Companies Act 1985 (official seal for share certificates, &c.) is amended as follows. U.K.

(2) After “A company” insert “which has a common seal” and for “the company’s common seal” substitute “its common seal”.

(3) At the end add—

“The official seal when duly affixed to a document has the same effect as the company’s common seal.”.

Marginal Citations

M2 1985 c. 6.

Authentication of documents U.K.

4 U.K. F3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F3 Sch. 17 para. 4 repealed (6.4.2007) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2006/3428, art. 7(c), Sch. 4 Pt. 1

Share certificate as evidence of title U.K.

5 U.K. F4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F4 Sch. 17 para. 5 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12)

Share warrants to bearer U.K.

6 U.K. F5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F5 Sch. 17 para. 6 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12)

Identification of company on common seal U.K.

7 U.K. In section 350 of the M3 Companies Act 1985 (identification of company on company seal), for subsection (1) substitute—

“(1) A company which has a common seal shall have its name engraved in legible characters on the seal; and if it fails to comply with this subsection it is liable to a fine.”.

Marginal Citations

M3 1985 c. 6.

Floating charges under Scots law U.K.

8 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

Textual Amendments

F6 Sch. 17 paras. 1(2), 2(4), 8, 10 repealed by Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c. 40, SIF 27; 68A:2; 76:2), s. 74(2), Sch. 9

9 U.K. In section 466(2) of the Companies Act 1985 (execution of instrument altering floating charge)—

(a) at the beginning of the subsection insert “Without prejudice to any enactment or rule of law regarding the execution of documents,”;

(b) omit paragraph (a);

(c) at the end of paragraph (b) insert “; or”, and

(d) omit paragraph (d) and the word “or” preceding it.

10 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

Textual Amendments

F7 Sch. 17 paras. 1(2), 2(4), 8, 10 repealed by Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c. 40, SIF 27; 68A:2; 76:2), s. 74(2), Sch. 9