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Andium Homes Limited: Company Formation Documents

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 12 May 2014:

Decision Reference:  MD-TR-2014-0038

Decision Summary Title:

Company formation documents for Andium Homes Limited

Date of Decision Summary:

1st May 2014

Decision Summary Author:

Treasurer of the States

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Company formation documents for Andium Homes Limited

Date of Written Report:

1st May 2014

Written Report Author:

Treasurer of the States

Written Report :

Public or Exempt?

Public

Subject:

Company formation documents for Andium Homes Limited.

Decision(s):

The Minister decided to sign the following documents in relation to the formal creation of Andium Homes Limited:-

  • JFSC form C2B – Application for consent to issue shares and/or admit a guarantor member in a proposed Jersey company;
  • JFSC form 3 – Statement of particulars in incorporation of a private company;
  • Memorandum and Articles of Association.

 

The Minister further decided to instruct the Board of Andium Homes Limited (currently the Shadow Board) that they must act only in accordance with any States decisions taken.

Reason(s) for Decision:

The Council of Ministers have lodged P.60/2014 Housing Transformation Programme: Memorandum and Articles of Andium Homes Limited and P.59/2014 Housing Transformation Programme: amendment to the Medium Term Financial Plan 2013 – 2015. The Minister for Housing has lodged P.58/2014 Draft Social Housing (Transfer) (Jersey) Regulations 201-. All are subject to States debate during the sitting of 3rd June 2014.

 

Should the States approve the above propositions, certain administrative preparations need to have been made in advance of the debates in order for Andium Homes Limited to become fully operational from 1st July 2014. These preparations include the formal creation of Andium Homes Limited as a Jersey Company regulated by the JFSC. The Minister is therefore agreeing to sign the relevant documentation, but with the important proviso that the company will remain inactive until such time as the States have debated P.58/2014, P.59/2014 and P.60/2014, i.e. it will not trade in any way pending the States’ consideration.

 

Should the States reject or defer these propositions at the sitting of 3rd June 2014 the company will not trade until such time as States approval has been given.

Resource Implications:

There are no resource implications for the States as a result of this decision.

Action required:  

Minister for Treasury and Resources to sign documentation as detailed in the decision and communicate this decision to the Shadow Board of Andium Homes Limited.

Signature:

 

 

Position: Senator P F C Ozouf, Minister for Treasury and Resources

 

 

Date Signed:

Date of Decision:

 

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