The Companies Act 1985 is an act of the United Kingdom Parliament enacted in 1985 which sets out the responsibilities of companies, their directors and secretaries. Company law in England and Wales is currently under review and the Companies Act 1985 is expected to be replaced by the Companies Bill (formerly the Company Law Reform Bill) in the near future. The Bill will codify and clarify areas of common law affecting companies and ease the legislative burden on private companies. The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative institution in the United Kingdom and British overseas territories (it alone has parliamentary sovereignty). ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... Generally a director is a person or one of a body of persons appointed to manage the affairs of a government agency, company, corporation, group or project. ... This article concerns the common-law legal system, as contrasted with the civil law legal system; for other meanings of the term, within the field of law, see common law (disambiguation). ...
The 1985 Act is just one component of the rules governing companies in England and Wales. A company will also be governed by its own Memorandum and Articles of Association. Where a company's Articles do not provide otherwise, the so called 'Table A Regulations' (Companies (Tables A to F Regulations) 1985 will apply. The common law also has a role to play, particularly in respect of director's duties to the company. Articles of Association are a requirement for the establishment of a company under United Kingdom and in most other countries company law. ... This article concerns the common-law legal system, as contrasted with the civil law legal system; for other meanings of the term, within the field of law, see common law (disambiguation). ...
The Act only applies to companies incorporated under it. Sole Traders, Partnerships, Limited Liability Partnerships and the like are not governed by the Act. In the common law, a partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which they have all invested. ...
External links
Department of Trade and Industry Companies Bill Page
In November 1995, while Djohar was absent from the country, the acting prime minister, Caabi el Yachroutu Muhammad, declared himself interim president and appointed a ‘government of national unity’.
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Robert Maxwell, UK newspaper tycoon who milked his companies dry (he may have committed suicide to prevent exposure of this)
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