Saturday , June 24 2017
Home / Isle of Man / Stamps to mark Isle of Man Companies Act 150 years
Stamps to mark Isle of Man Companies Act 150 years

Stamps to mark Isle of Man Companies Act 150 years

Isle of Man Post Office issued six stamps to celebrate the 150th anniversary of the Isle of Man Companies Act as on 5 September 2015.

The stamps depict the top six oldest continually trading companies limited by liability primary activities and historical records are pictorially portrayed in six stamps.

The stamps tells the story of the Island’s good governance and flourishing business environment.

Isle of Man Companies Act

Tynwald promulgated the Companies Act in 1865 and on 5th July it came into operation with Isle of Man Banking Company Limited incorporated as company no.1 on 26th October 1865.

The Act has since been amended over the years on numerous occasions and there are currently eight acts of Tynwald that are collectively known as the Companies Act 1931 to 2004 with supporting rules, regulations and orders.

More recently, the Isle of Man Companies Act 2006, also known as the 2006 Act, was introduced with laws that reflect the incorporation of modern and flexible corporate vehicles with simplified administration procedures.

Incorporation of 2006 companies commenced in the Isle of Man on 1st November 2006.

Some of the Island’s longest continuously trading companies on six stamps are:

– Isle of Man Bank Limited – first incorporated in 1865.

– Isle of Man Steam Packet Company Limited – incorporated in 1885, the oldest continuously operating passenger shipping company in the world.

– The Finch Hall Pavilion Limited incorporated as early as 1896.

– Heron & Brearley Limited incorporated in 1898 with a structure to run an extensive portfolio of hospitality properties across the Island.

– The Farmers Combine Limited, a Ramsey business which carries an extensive range of farming and agricultural goods, incorporated in 1907.

– Peel Golf Club Limited which was incorporated in 1911 and boasts fantastic fairways and views of the valley.

Each stamp image displays a collage of original black and white and colour photos of premises and staff along with certificates of incorporation and company seals.

Stamps to mark Isle of Man Companies Act 150 years
Image Source IOM Post

Title: Isle of Man Companies Act 150 years
Date of Issue: 28 September 2015
Country: Isle of Man
Denominations:

Source: Isle of Man Post

Leave a Reply

Your email address will not be published. Required fields are marked *