The Companies House Trading Fund Order 1991

• Citation: S.I. 1991/1795
• Sections: 10

Section 1 Citation and commencement

This Order may be cited as the Companies House Trading Fund Order 1991 and shall come into force on 1st October 1991.

Section 2 Interpretation

In this Order:–

“the Act of 1973” means the Government Trading Funds Act 1973 as amended by the Government Trading Act 1990 and the Finance Act 1991;

“ Companies House ” means that part of the Department of Trade and Industry known as the Companies House Executive Agency;

“the fund” means the fund established by article 3 of this Order;

“the funded operations” means the operations of Companies House as described in Schedule 1 to this Order; and

“the registrar of companies” has the same meaning as in the Companies Act 1985 .

Section 3 Establishment of the fund

There shall be established as from 1st October 1991 a fund for the funded operations.

Section 4 Source of loans

The Secretary of State is designated as the source of issues to the fund by way of loan.

Section 5 Assets, liabilities and public dividend capital

–

(1) The Crown assets and liabilities set out in Schedule 2 to this Order shall be appropriated as assets and liabilities of the fund.

(2) The sum of £18,454,000 shall be treated as public dividend capital.

Section 6 Limitation of indebtedness

The maximum amount that may be issued to the fund by way of loan under section 2B of the Act of 1973 shall be £40,000,000.

Section 1

The following operations with respect to companies and other forms of business organisation required by law to register, or register information, with the registrar of companies:

(a) the registration and striking off the register of such entities;

(b) the regulation of the registered names of such entities;

(c) the registration or recording of information required by law to be submitted to the registrar in respect of such entities;

(d) the maintenance of records required by law to be kept by the registrar concerning such entities;

(e) the making available for inspection of those records and the provision of copies of such records or of any information contained in or based upon those records;

(f) the administration and enforcement of laws relating to such entities, including the consideration and pursuit of complaints about the breach of such laws;

(g) the provision of guidance on matters relating to the law and practice governing such entities.

Section 2

The regulation of business names, including the administration and enforcement of laws governing the use of business names (including the consideration and pursuit of complaints about the breach of such laws) and the provision of guidance on matters relating to the law and practice governing the use of business names.

Section 3

Without prejudice to the foregoing, the performance by the registrar of companies of any function of his imposed on him by law as at 1st October 1991 and the performance of any functions of the Secretary of State as are performed as at that date by any officer employed within Companies House.

Section 4

Operations incidental, conducive or otherwise ancillary to the foregoing.