The Companies (Principal Business Activities) (Amendment) Regulations 1996
These Regulations amend the Companies (Forms Amendment No. 2 and Company’s Type and Principal Business Activities) Regulations 1990 (“the 1990 Regulations”). The 1990 Regulations prescribe the system of classifying business activities for the purposes of section 364(1)(b) of the Companies Act 1985 (as substituted by the Companies Act 1989) which requires a company to give its principal business activities in its annual return. These Regulations amend the 1990 Regulations by prescribing (regulation 2) for this purpose the Standard Industrial Classification of Economic Activities 1992. Copies of the Standard Industrial Classification of Economic Activities 1992 are available from Her Majesty’s Stationery Office. The amendment made by regulation 2 is subject to a transitional provision in regulation 3. This allows the continued use of the VAT Trade Classification system in an annual return delivered to the Registrar of Companies on or before 5th May 1997.