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Encyclopedia > Joint Stock Companies Act 1844
Acts of Parliament of predecessor
states to the United Kingdom
Acts of Parliament of the Kingdom of England to 1600
Acts of Parliament of the Kingdom of England to 1640
Acts of Parliament of the Kingdom of England to 1699
Acts of Parliament of the Kingdom of England to 1706
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Acts of the Scottish Parliament
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The Joint Stock Companies Act 1844 (7 & 8 Vict. c.110) was an Act of the Parliament of the United Kingdom that expanded access to the incorporation of joint-stock companies in the UK. This is a list of Acts of Parliament of the English Parliament during that bodys existence prior to the Act of Union of 1707. ... This is a list of Acts of Parliament of the English Parliament during that bodys existence prior to the Act of Union of 1707. ... This is a list of Acts of Parliament of the English Parliament during that bodys existence prior to the Act of Union of 1707. ... This is a list of Acts of Parliament of the English Parliament during that bodys existence prior to the Act of Union of 1707. ... This is a list of Acts of Parliament of the Scottish Parliament. ... This is an incomplete list of Acts of the Parliament of Ireland for the years up to its dissolution in 1800. ... This is an incomplete list of Acts of the Parliament of Great Britain for the years 1707-1719. ... This is an incomplete list of Acts of the Parliament of Great Britain for the years 1720-1739. ... This is an incomplete list of Acts of the Parliament of Great Britain for the years 1740-1759. ... This is an incomplete list of Acts of the Parliament of Great Britain for the years 1760-1779. ... This is an incomplete list of Acts of the Parliament of Great Britain for the years 1780-1799. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1800-1819. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1820-1839. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1840-1859. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1860-1879. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1880-1899. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1900-1919. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1920-1939. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1940-1959. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1960-1979. ... This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1980-1999. ... This is an list of Acts of the Parliament of the United Kingdom for the years 2000 to the present. ... This is a list of Acts of the Scottish Parliament. ... This is a list of Acts passed by the Parliament of Northern Ireland. ... This is a list of Acts of the Northern Ireland Assembly passed by that body during its existence between 2000 and 2002 when it was suspended. ... The is a list of Orders in Council for Northern Ireland which are primary legislation for the province when the it is being directly ruled from London and also for those powers not devolved to the Northern Ireland Assembly. ... Statutory Instruments (SIs) are parts of United Kingdom law separate from Acts of Parliament which do not require full Parliamentary approval before becoming law. ... The is a list of Church of England Measures which are church legislation Church of England. ... In Westminster System parliaments, an Act of Parliament is a part of the law passed by the Parliament. ... The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body in the United Kingdom and British overseas territories. ... Incorporation is: In business, incorporation is the creation of a corporation. ... A joint stock company is a special kind of partnership. ...


Before the Act, incorporation was only possible by Royal charter or private act, and was limited owing to parliament's jealous protection of the privileges and advantages thereby granted. As a result, many businesses came to be operated as unincorporated associations with possibly thousands of members. Any consequent litigation had to be carried out in the joint names of all the members and was impossibly cumbersum. Though parliament would sometimes grant a private act to allow an individual to represent the whole in legal proceedings, this was a narrow and necessarily costly expedient only allowed to established companies. A Royal Charter is a charter given by a monarch to legitimize an incorporated body, such as a city, company, university or such. ... A voluntary association (also sometimes called just an association) is a group of individuals who voluntarily enter into an agreement to form a body (or organization) to accomplish a purpose. ... A lawsuit is a civil action brought before a court in order to recover a right, obtain damages for an injury, obtain an injunction to prevent an injury, or obtain a declaratory judgment to prevent future legal disputes. ...


The 1844 Act created a Registrar of Joint Stock Companies, empowered to register companies by a two-stage process. The first, provisional, stage cost £5 and did not confer corporate status which arose after the completing the second stage for another £5.[1]


However, there was still no limited liability and company members could still be held responsible for unlimited losses by the company[2]. Limited liability was subsequently introduced by the Limited Liability Act 1855. Limited liability (LL) is liability that is limited to a partner or investors investment. ...


The system of registration was revised by the Joint Stock Companies Act 1856 which introduced the system largely still in operation as of 2006. 2006 is a common year starting on Sunday of the Gregorian calendar. ...


Bibliography

  • Harris, R. (2000). Industrialising English Law: Entrepreneurship and Business Organisation, 1720–1844. Cambridge, UK: Cambridge University Press. ISBN 0-521-66275-3.
  • Hunt, B.C. (1936). The Development of the Business Corporation in England, 1800–1867. Cambridge, MA: Harvard University Press.
  • Mayson, S.W et al. (2005). Mayson, French & Ryan on Company Law. London: Oxford University Press. ISBN 0-19-928531-4.

Notes

  1. ^ Mayson et al. (2005) p.6
  2. ^ Re Sea Fire and Life Assurance Co., Greenwood's Case (1854) 3 De GM&G 459


 

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