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We have the expertise and insight to ensure your business is built with a solid foundation that enables you to grow
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Our highly professional legal experts have a great working knowledge of 1931 Act Companies

Company Law is an integral part of all commercial and corporate structures.

We have the expertise and insight to ensure your 1931 Act Company is built with a solid foundation. As a result, this provides you room to grow and expand.

The 1931 Act states that a company in the Isle of Man can be either a public or private company; in accordance with the act, with both of these two types of companies operating in very different ways.

Company law can have an impact in various other legal matters including banking and finance, bankruptcy and financial services regulation. It can also include issues with contracts and overlaps with fiduciaries.

Public Limited Company (PLC)
This type of company can offer shares and debentures to the public for sale. It can operate in this manner provided it is explicitly stated as such to do so in accordance with the 1931 Act. However, the company must adhere to further legal requirements, such as submitting fully regulated and audited accounts to the Isle of Man Companies Registry. This is an annual requirement, so as not to breach the 1931 Act.

Private Limited Company
This type of company in general has no requirement to submit audited company accounts on an annual basis. However, this is not always the case. For example, if the company is connected to a public limited company then there may be a requirement. Consequently, a private company in accordance with the 1931 Act must not offer public shares.

1931 Act Company | What we do

MannBenham is experienced in all of these areas and is able to provide broad services and detailed advice. We are on hand to assist at any point in your company’s life, from it’s creation to it’s long term operational requirements.

Talk to us today
If you need to talk to someone on Company Law and a 1931 Act Company, then take the first step and email enquiries@mannbenham.com or call us on 01624 639350 to arrange your free initial consultation with us today at our office, over the telephone or via video call.

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Reasons to use MannBenham

Personal Service

Always professional, providing an exceptional level of service to our clients

Always professional, providing an exceptional level of service to our clients

Everything we do is backed by leading legal professionals and an extensive range of advisory and support services designed to meet our client requirements and exceed expectations

Always Professional

We believe being professional is about us giving our best at all times

We believe being professional is about us giving our best at all times

We remain professional at all times, treating everyone respectfully and with courtesy, listening and understanding our clients needs

Global Solutions

MannBenham Advocates, Advisory and Fiduciary solutions are truly global

MannBenham Advocates, Advisory and Fiduciary solutions are truly global

MannBenham’s global reach combines Isle of Man excellence with cross-jurisdictional expertise creating a complete integrated approach

Wealth of Experience

We pride ourselves on the wealth of our experience and knowledge

We pride ourselves on the wealth of our experience and knowledge

Our experience and expertise crosses both commercial and personal, delivering real solutions that satisfy our clients expectations

Contact us today to discuss your requirements

MannBenham | 49 Victoria Street, Douglas, Isle of Man, IM1 2LD | Email: enquiries@mannbenham.com | Telephone: +44 (0)1624 639350