Approval of the Companies Appointed Day Act for Amendment No 9 to the Companies (Jersey) Law 1991. (MD-E-2008-0128)
Introduction
A decision made (30/06/2008) regarding: Approval of the Companies Appointed Day Act for Amendment No 9 to the Companies (Jersey) Law 1991.
Decision
| Decision Reference: MD-E-2008-0128 |
| Decision Summary Title (File Name): |
Appointed Day Act Companies (Jersey) Law 1991 (“the Act”) |
Date of Decision Summary: |
26 June 2008 |
| Decision Summary Author: |
James Mews Finance Industry Development Executive |
Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet) |
Public |
| Type of Report: Oral or Written? |
Written |
Person Giving Oral Report: |
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| Written Report Title (File Name): |
Appointed Day Act for Amendment No 9 to the Companies (Jersey) Law 1991 (“the Law”) |
Date of Written Report: |
26 June 2008 |
| Written Report Author: |
James Mews Finance Industry Development Executive |
Written Report : Public or Exempt? (State clauses from Code of Practice booklet) |
Public |
Subject:
Approval of the Companies Appointed Day Act for Amendment No 9 to the Companies (Jersey) Law 1991. |
Decision(s):
The Minister approved the Act, the Report to the Act, and for the Finance Industry Development Executive to take the necessary steps to lodge the Act au Greffe to be debated by the States as soon as possible thereafter in order for the Act to come into force on 1 August 2008. |
Reason(s) for Decision:
The Amendments in the Law modernise aspects of the Law in accordance with international developments to introduce more flexibility and simplicity into the Law.
The Companies (Amendment No 9) (Jersey) Law 1991 (“the Law”) has now been registered by the Royal Court, but certain provisions were subject to an Appointed Day Act. This Act now requires to be made in order to bring these provisions into force. |
Resource Implications:
No measurable cost or manpower implications arise for the Commission, the States or industry. |
Action required:
The Finance Industry Development Executive to take such steps as are necessary to lodge the Act au Greffe in order for the States to debate it in order to bring it into force on 1 August 2008. |
Signature: Senator P.F.C Ozouf
|
Position: Minister
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Date Signed:
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Date of Decision (If different from Date Signed):
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A
full report is available for MD-E-2008-0128.
