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Companies (Amendment No 8) (Jersey) Law (Appointed Day) (No 2) Act

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 (26.06.06) to approve the Companies (Amendment No.8) (Jersey) Law 2005 (Appointed Day) (No.2) Act 200-

Ministerial Decision

 

Subject:

Approval of the Companies (Amendment No.8) (Jersey) Law 2005 (Appointed Day) (No.2) Act 200-

Decision Reference:

MD-E-2006-0110

Exempt clause(s):

 

Type of Report:

(oral or written)

Written

Person Giving Report (if oral):

n/a

Telephone or

e-mail Meeting?

n/a

Report

File ref:

 

Written report – Title

Companies (Amendment No.8) (Jersey) Law 2005

(Appointed Day) (No.2) Act 2006 (the “Act”)

Written report – Author

(name and job title)

Paul de Gruchy, Director Finance Industry Development

Decision(s):

To approve the Act and instruct the Director, Finance Industry Development to liaise with the Greffe so that the Act is tabled for consideration by the States at the same time as consideration is given to the Bankruptcy (Amendment No.5) (Jersey) Law (Appointed Day) Act.

Reason(s) for decision:

To bring the outstanding provisions of the Companies (Amendment No.8) (Jersey) Law 2005 into force at the same time as the Bankruptcy (Amendment No.5) (Jersey) Law.

Action required:

Paul de Gruchy to advise the Assistant Greffier and the Publications Editor at the States Greffe and lodge the Act at the earliest opportunity.

Signature:

Senator Philip Ozouf

(Minister)

Date of Decision:

 

 

 

 

 

Companies (Amendment No 8) (Jersey) Law (Appointed Day) (No 2) Act

MINISTER FOR ECONOMIC DEVELOPMENT

Companies (Amendment No.8) (Jersey) Law 2005

(Appointed Day No.2) Act 2006 (the “Act”)

1 THE ISSUE

1.1 The Act, a copy of which is annexed to this paper, will bring into force those parts of the Companies (Amendment No.8) (Jersey) Law 2005 that were not brought into force on 1 February 2006. These provisions mirror for companies in an insolvent winding up those provisions that are set out in the Bankruptcy (Amendment No.5) (Jersey) Law 2005 in relation to companies that are declared en désastre.

1.2 It is proposed that both the Bankruptcy Amendment and the remaining provisions of the Companies Law Amendment should both come into force on 1 August 2006. A ministerial decision has already been made in this regard in respect of the Bankruptcy (Amendment No.5) (Jersey) Law (Appointed Day) Act.

2 RECOMMENDATION

2.1 It is recommended that the Minister consider and approve the Act, and instruct the Director, Finance Industry Development to liaise with the Greffe so that it is tabled for consideration by the States at the same time as consideration is given to the Bankruptcy (Amendment No.5) (Jersey) Law (Appointed Day) Act.

PAUL DE GRUCHY

Director, Finance Industry Development

22 June 2006

ANNEX

 

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