Companies Bill
STATUS: DRAFT
Information
By:
Sponsors:
Tabled:
Voted:
Passed:
Assented:
Voting Record:
Name1: Aye/Nay/-
Name2: Aye/Nay/-
BE IT THEREFORE ENACTED by the Governor-General, and the Parliament of the Republic of Steamhappia, as follows:
Companies House
1 The Companies House
(1) The Companies House, an executive Government body wholly owned and controlled by the Home Office is established.
(2) Companies house is to be an authority that oversees and documents companies in Steamhappia.
(3) The Companies House is lead by a Chief Executive whom is appointed and serves at the leisure of the Home Secretary.
(4) In absence of a Chief Executive the Home Secretary inherits the role.
2 Duties of the Companies House
(1) The Companies House has the powers to:
(a) Create companies
(b) Dissolve companies
(c) Transfer companies
(d) Audit companies
(2) The Companies House must respect private property and ownership principals may only use its powers if-
(a) they are legally empowered to either through-
(i) the Law or Constitution, or
(ii) by order of a Court of the State.
(b) they are acting on the consent of the Business owners.
(3) The Companies House has a responsibility to-
(a) Ensure that citizens have a pathway of opening a private Business
(b) Act to stop business crime and/or crime committed through business
(c) Create government/public entities as required by Law or the Constitution.
Companies and other Corporate Bodies
1 Company Definition
(1) A Company is an entity which-
(a) Has an owner
(b) Can have executives appointed by the owner
(c) Has a pool of Steamshillings which
(i) can be deposited into, or
(ii) can be withdrawn or,
(iii) can be paid out to others.
(2) Companies can be dissolved and transferred after creation.
1 Registration of a Company
(1) In order to register a company a Citizen must apply to the Companies House with the following information:
(a) The name of the company
(b) A basic description of the company
(c) An initial amount of capital they wish to deposit into the company
(b) A list of executives they want to appoint
(2) The fee of incorporating a Company can be set by the Chief Executive of Companies house but will start off at Twenty Thousand (20,000) Steamshillings and may be no more than Fifty Thousand (50,000) and no less than Ten Thousand (10,000).
Notes:
Transfer fees, dissolution fees?
Type of company prefix/suffix (Gov, Ltd, Partnership