Board of Trade: Committee on Shares of No Par Value: Reports and Correspondence

Description and record details

Reference	BT 287
Title	Board of Trade: Committee on Shares of No Par Value: Reports and Correspondence
Date	1952-1960
Description	Records of and relating to the Committee on Shares of No Par Value. Few departmental papers have survived and this series consists mainly of secretariat working papers, circulated papers, and written and oral evidence presented to the committee. There are also some unregistered files of J Cowen, assistant secretary in the Insurance and Companies Department, who was in attendance at some of the meetings. The secretary to the committee was a principal in the same department.
Related material	Files relating to shares of no par value can also be found in BT 58
Held by	The National Archives, Kew
Legal status	Public Record(s)
Language	English
Creator	Board of Trade, Committee on Shares of No Par Value, 1952-1954
Physical description	29 file(s)
Access conditions	Subject to 30 year closure
Administrative/ biographical background	The Committee on Shares of No Par Value was appointed by the President of the Board of Trade on 29 December 1952 under the chairmanship of Montagu L Gedge QC (1899-1958) 'to consider whether it was desirable to amend the Companies Act 1948, so as to permit the issue of shares of no par value; and, if so, to consider and report what amendments in the Act should be made for this purpose, having due regard to the need for safeguards for investors and for the public interest'. The report was published in January 1954 (Cmd 9112).

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