Companies Act 1961

Link to law: https://legislation.gov.im/cms/images/LEGISLATION/PRINCIPAL/1961/1961-0002/CompaniesAct1961_2.pdf
Published: 2015-11-01

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Companies Act 1961

c i e
AT 2 of 1961

COMPANIES ACT 1961

Companies Act 1961 Index


c AT 2 of 1961 Page 3

c i e
COMPANIES ACT 1961

Index Section Page

1 [Repealed] ........................................................................................................................ 5
2 Power to make orders as to the disposal of valueless documents ........................... 5
3 [Sections 3 to 5 repealed]. .............................................................................................. 6
6 [Section 81 of the Companies Act 1931 amended] ..................................................... 6
7 [Repealed] ........................................................................................................................ 6
8 [Repealed] ........................................................................................................................ 6
9 Short title and commencement ..................................................................................... 6
SCHEDULE 7

ENDNOTES 9

TABLE OF LEGISLATION HISTORY 9
TABLE OF RENUMBERED PROVISIONS 9
TABLE OF ENDNOTE REFERENCES 9

Companies Act 1961 Section 1


c AT 2 of 1961 Page 5

c i e
COMPANIES ACT 1961

Received Royal Assent: 2 August 1961
Passed: 29 August 1961
Commenced: 29 August 1961
AN ACT
to amend the Companies Act, 1931
1 [Repealed]
1

2 Power to make orders as to the disposal of valueless documents

(1) Where a company has been dissolved, whether under the Companies Act,
1931, or otherwise, the Department of Economic Development after
consultation with the Isle of Man Financial Services Authority and the
Chief Registrar may at any time after the expiration of 12 years (or 2
years where subsection (2) below applies) from the date of dissolution
order the disposal, by destruction or otherwise, of documents relating to
that company which are in the registry of companies, the Public Record
Office or any repository referred to in section 1(5) of the Public Records
Act 1999 and which are not of sufficient public value to justify their
preservation.2

(2) The Department of Economic Development may make an order under
subsection (1) above at any time after the expiration of 2 years from such
dissolution if it is satisfied that it has in its custody a copy of any
document disposed of under that subsection.3

(3) A copy of any document to which subsection (2) above applies shall, for
the purposes of the Companies Acts 1931 to 1992, be treated as if it were
the original document and if the copy is not kept in a legible form, any
duty of the Department of Economic Development to allow inspection of,
or to furnish a copy of, the document or any part of it is to be treated as a
duty to allow inspection of, or to furnish a reproduction of the copy or of
the relevant part of it in a legible form.4

Section 3 Companies Act 1961


Page 6 AT 2 of 1961 c

3 [Sections 3 to 5 repealed].
5

6 [Section 81 of the Companies Act 1931 amended]
6

7 [Repealed]
7

8 [Repealed]
8

9 Short title and commencement

(1) This Act may be cited as the Companies Act 1961, and shall be construed
as one with the Companies Acts, 1931 to 1960, and those Acts and this
Act may be together cited as the Companies Acts, 1931 to 1961.
(2) This Act shall come into operation when the Royal Assent thereto has
been by the Governor announced to Tynwald, and a certificate thereof
has been signed by the Governor and the Speaker of the House of Keys.
Companies Act 1961 Schedule



c AT 2 of 1961 Page 7

Schedule
9

Companies Act 1961 Endnotes



c AT 2 of 1961 Page 9

ENDNOTES

Table of Legislation History

Legislation Year and No Commencement






Table of Renumbered Provisions

Original Current






Table of Endnote References

1
S 1 repealed by Public Records Act 1999 Sch 4. 2
Subs (1) amended by Companies Act 1992 Sch 1, by Public Records Act 1999 Sch 3, by
Companies (Transfer of Functions) Act 2000 Sch 2, by SD155/10 Sch 2 and by
SD2015/0090 as amended by SD2015/0276. 3
Subs (2) added by Companies Act 1992 Sch 1 and amended by Companies (Transfer
of Functions) Act 2000 Sch 2, by Interpretation Act 1976 s 16A and by SD155/10 Sch 2. 4
Subs (3) added by Companies Act 1992 Sch 1 and amended by Companies (Transfer
of Functions) Act 2000 Sch 2 and by SD155/10 Sch 2. 5
Ss 3 to 5 repealed by Fees and Duties Act 1989 Sch 3. 6
Amends section 81 of the Companies Act 1931. 7
S 7 repealed by Fees and Duties Act 1989 Sch 3. 8
S 8 repealed by Statute Law Revision Act 1983 Sch 2. 9
Sch repealed by Statute Law Revision Act 1983 Sch 2.