Companies (Unregistered Companies) (Amendment No. 3) Regulations (Northern Ireland) 1991
These Regulations amend the Companies (Unregistered Companies) Regulations (Northern Ireland) 1986 which apply certain provisions of the Companies (Northern Ireland) Order 1986 (“the 1986 Order”) to unregistered companies. The amendments have the effect of applying to such companies the new provisions relating to:the capacity of companies to enter into transactions;the power of directors to bind companies;the absence of a duty on a third party to enquire whether a company has capacity to enter into a transaction or whether the directors have authority to do so, andthe invalidity of certain transactions involving directors, etc.