The Companies (Northern Ireland) Order 1989 (revoked)
Northern Ireland Order in Council 1989 No. 2404 — creates 3 criminal offences.
- Made
- 19 December 1989
- In force from
- Not determined
- Extent
- Not stated
- Subject
- Corporate, financial services, company law, employment, charity, electoral and tax
- Made under
- Schedule 1 to the Northern Ireland Act 1974
Explanatory note
(This note is not part of the Order) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.
This Order— a in Part II re-enacts provisions of the Companies (Northern Ireland) Order 1986 relating to the disqualification of company directors and imposes a duty on the High Court to disqualify a company director if he is found to be unfit to be concerned in the management of a company; b in Part III makes miscellaneous amendments to the Companies (Northern Ireland) Order 1986 and the Company Securities (Insider Dealing) (Northern Ireland) Order 1986. The main amendments are— i to make new provision with repspect to takeover offers in respect of companies; ii to make provision for the investigation of insider dealing; iii to restrict the disclosure of information obtained as the result of an investigation of insider dealing; iv to provide a power of entry and inspection for the purpose of investigating insider dealing; v to increase the term of imprisonment on conviction of the offence of insider dealing from 2 years to 7 years; and vi to make minor corrections in the consolidated Companies (Northern Ireland) Order 1986.
Offences created by this instrument
- If a person acts in contravention of a disqualification order or of Article 14, 15(2) or 16, he shall be guilty of an… article 17 · Status not determined · Strict liability
- Takeover offers article 26(1) · Status not determined · Mixed — some elements strict, some not
- False and misleading statements article 33 · Status not determined · Requires proof of a state of mind
What Parliament said about it
Hansard was searched for this instrument by name and returned nothing. That is the ordinary outcome: an instrument laid under the negative procedure is usually never debated, and becomes law without a word said about it in either House.
How Parliament handled it
Parliament's Statutory Instruments service records procedure from May 2017 onwards, and this instrument predates it. That is a limit of the source, not a statement that nothing happened.
Check the source
- This instrument on legislation.gov.uk The authoritative text, including amendments made since
- Other instruments from 1989