The Companies Act 1989 (Commencement No. 14 and Transitional Provision) Order 1991

• Citation: S.I. 1991/2945
• Sections: 3

Section 1

This Order may be cited as the Companies Act 1989 (Commencement No. 14 and Transitional Provision) Order 1991.

Section 2

Sections 1 and 11 in Part I of the Companies Act 1989 shall come into force on 1st July 1992 for the purpose of inserting the new section 242A into Part VII of the Companies Act 1985 , subject to the transitional provision set out in article 3 below.

Section 3

(1) This article applies where–

(a) the requirements of section 242 of the Companies Act 1985 as to the delivering of accounts and reports before the end of the period allowed for so doing have not been complied with before 1st July 1992, and

(b) those requirements have still not been complied with on that date.

(2) In such a case, the period by reference to the length of which the amount of the penalty is determined under section 242A(2) of the Companies Act 1985 shall be deemed to commence on 1st July 1992.