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Company Returns

Volume 929: debated on Tuesday 29 March 1977

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asked the Secretary of State for Trade, with regard to the Companies Act 1976, how many statutory forms were sent out for ascertaining the date of company accounts; what was the total cost, including postage, of these forms; and why a note could not have been put on the next annual return reminder of the company.

From 1st to 25th March 171,000 forms for notification of a company's accounting reference date, together with an explanatory letter—out of an estimated total of 700,000—were despatched at a cost of some £13,000 for stationery and postage. Inclusion of a note on the annual return reminder would not suffice, as reminders are sent only to companies whose returns are overdue.

asked the Secretary of State for Trade if he will authorise investigations under Section 165 of the Companies Act into the affairs of Syston Publishing Company and System Estates Ltd.

I have no information to justify exercise of the Department's investigatory powers under the Companies Acts, but I shall look at the matter afresh if my hon. Friend will let me have all the material he has about these two companies.