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Limitation of Actions Consultation - Law Commission

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Act Nature <strong>of</strong><br />

Action<br />

Companies Act<br />

1985, section<br />

176<br />

Companies Act<br />

1985, section<br />

651<br />

Companies Act<br />

1985, section<br />

653<br />

Companies Act<br />

1985, section<br />

92<br />

Companies<br />

(Tables A to F)<br />

Regulations<br />

1985, 90<br />

Table A,<br />

Art 108<br />

90 1985 No 805.<br />

Application to<br />

cancel<br />

resolution<br />

approving<br />

payment out <strong>of</strong><br />

capital for<br />

redemption or<br />

purchase <strong>of</strong><br />

shares<br />

Application to<br />

declare a<br />

dissolution void<br />

Application to<br />

restore to the<br />

register a<br />

company struck<br />

<strong>of</strong>f as defunct<br />

Action to<br />

recover loss<br />

caused by<br />

breach <strong>of</strong> preemption<br />

rights<br />

Action to<br />

recover<br />

dividends<br />

declared but not<br />

paid<br />

Starting Point <strong>Limitation</strong><br />

period<br />

Date the<br />

resolution was<br />

passed<br />

Date <strong>of</strong><br />

dissolution<br />

Date <strong>of</strong><br />

publication in the<br />

Gazette <strong>of</strong> section<br />

652 notice<br />

Date the dividend<br />

became due for<br />

payment<br />

135<br />

5 weeks No<br />

2 years No<br />

20 years No<br />

2 years No<br />

12 years No<br />

Discretionary<br />

Exclusion?

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