Archive

1979 Oct 18 - 1983 May 26
Prime Ministerial Private Office files

PREM19/1064
Industrial policy (Companies Bill; purchase by a company of its own shares; wider share ownership)

Source: TNA, PREM19 series
Release date: 2013 Aug 1
Classification: Confidential
Page count: 176
Any docs withheld? 3

PREM19/1064 - download whole file (PDF, 26.04 MB)

Selections from this file

Showing items 1 - 11 of 11

Date Value Title
79 Oct 18 Th Major Industrial policy: Attorney General letter to Nott ("Companies Bill Directors' Duty to Have Regard to the Interests of Employees") [advice] [declassified Aug 2013]
79 Oct 19 Fr Major Industrial policy: Parkinson PS letter to Angus Maude PS ("Companies Bill: insider dealing") [consultation] [declassified Aug 2013]
79 Oct 25 Th Major Industrial policy: Nott letter to Chancellor of the Exchequer ("Directors' Duty to Have Regard to Employees' Interests") [Companies Bill: "one provision where there is a particularly difficult balance to strike... risk of vexatious litigation"] [declassified Aug 2013]
80 May 6 Tu Major Industrial policy: Nott letter to Chancellor of the Exchequer ("Purchase of own shares") ["We have said publicly on a number of occasions that the Government were looking into this with a view to relaxing the present prohibition... [by] legislating in the next Companies Bill in the 1980/81 session... I therefore propose to issue a consultative document on this subject and attach a draft text"] [declassified Aug 2013]
80 Jun 26 Th Major Industrial policy: Nott PS letter to No.10 ("Industrial structure") ["Green Paper setting out the Department's proposals to allow companies to purchase their own shares... [Nott] considers that the publication... will provide him with the opportunity to deliver a wider speech [on the economy]"; draft speech attached] [declassified Aug 2013]
81 Jan 26 Mo Major Industrial policy: Pym minute to MT ("Companies Bill") [proposed amendments; "If the Bill is to be introduced this Session... we shall need to move very quickly"] [declassified Aug 2013]
81 Sep 24 Th Major Industrial policy: Lawson PS letter to No.10 ("Purchase of own shares") ["consultative paper on the tax treatment of companies purchasing their own shares"] [declassified Aug 2013]
82 Jun 28 Mo Major Industrial policy: No.10 letter to Lord Cockfield PS ("Civil List Act 1952 and Companies Act 1982") [exemption for MT , Howe & respective spouses "from the obligation to respond to any enquiries by companies under the Companies Act 1981"; MT concerned by "last-minute approach" to request her agreement] [declassified Aug 2013]
82 Nov 17 We Major Industrial policy: No.10 Policy Unit minute to MT ("Wider share ownership") ["important that we should work up some practical proposals for the next Parliament"] [declassified Aug 2013]
83 Mar 3 Th Major Industrial policy: No.10 minute to Chancellor of the Exchequer ("Companies buying their own shares - taxation") [Companies Act: "near impossible to help those who it is aimed to help"] [declassified Aug 2013]
83 Apr 26 Tu Major Industrial policy: Lord Cockfield letter to Biffen (The Companies Act, pension schemes, and employment share schemes) [legislative amendment required urgently to avoid risk of disruption to financial markets] [declassified Aug 2013]