Statutes & Acts

Question 1

The Companies Act 1844

Answer 1

First companies act, enabled joint stock companies (JSCs) to register deeds of settlement so that the state in return makes the JSC a separate legal entity separate from its joint stock holders

Question 2

Joint Stock Companies Act (1856)

Answer 2

Introduced limited liability for joint stock-holders, liability was limited to the amount they had agreed to pay for their stock.

This act also established the modern style company with incorporation by registering with the state

Question 3

Companies Act (1862)

Answer 3

First permitted the creation of a company as a legal person separate from its members by registering required particulars with the state (s.6)