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Approval of the Companies Appointed Day Act for Amendment No 9 to the Companies (Jersey) Law 1991.

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.

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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 Reference:  MD-E-2008-0128 

Decision Summary Title :

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:

 

Written Report

Title :

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  

Date Signed: 

Date of Decision (If different from Date Signed): 

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