This consultation is aimed at every person who owns a company that has been incorporated under the Companies Act 1931. The Treasury is inviting comments on the scope of the exemptions proposed in the draft Companies (Beneficial Ownership) (Exemptions) Order 2013.

The Companies, Bodies and Business (Names) Act 2012 permitted the IOM to consolidate the provisions relating to names of bodies corporate etc under the various types of legislation. The consultation on Companies and Business Names (Restricted Words and Phrases) Regulations 2013 is the final phase of this initiative.

The Companies Bill 2013 consolidates and updates the Companies Acts 1931-2004. The Bill considers and includes all 1931 Act companies. It ensures that the legislation is consolidated and easily accessible in a single, central piece of legislation.

The standalone Foreign Companies Bill 2013 will replace Part XI of the Companies Act 1931

Considerable efforts have been made to simplify the requirements of the legislation and to reduce the amount of red tape and bureaucracy. More onerous provisions have been retained where necessary or in the case of public companies.

A Table of Derivations has been prepared to assist Consultees.

The draft Bills can be viewed via the hyperlink below. Please be advised that the Companies Bill 2013 is 9.32mb and therefore may take a few minutes to load.

Consultation on regulations to prescribe Monaco and Switzerland as relevant countries for the purposes of registering a ship under the Merchant Shipping Registration Act 1991.

Consultation on draft Merchant Shipping (Fees) Regulations 2013 which sets out proposed changes to fees charged by the Isle of Man Ship Registry. Subject to approval by Tynwald, the revised fees will come into effect from 1st April 2013. The consultation paper includes a summary of the proposed changes to the fees and a copy of the draft regulations.