| AdminHistory | BPS Communications Ltd is a wholly-owned subsidiary of the Society. The company was established in 1977 originally as Printapatch which changed to BPS Communications Limited in 1978 with the following objects:
a) To carry on all or any of the businesses of publishers, printers and distributors of publications (there then follow 35 lines listing what those businesses – i.e. functions – might be);
b) To carry on any other trade or business whatever which can in the opinion of the Board of Directors be advantageously carried on in connection with or ancillary to any of the business of the Company.
There are then Sub-sections (c) to (w) listing a range of other things the company can do, e.g. acquire property, trade overseas, borrow money, etc.
The share capital is 100 shares of £1 each.
The ways in which the Company is tied to the Society are as follows
i) 15 of the 100 shares are issued to nominee shareholders; i.e. the shareholders are nominated by the Society to hold shares on behalf of the Society.
ii) All the profits of the Company are passed to the Society (to be used for the Society’s objects) under, initially, a Deed of Covenant, but later under Gift Aid.
iii) Under company law, it is the shareholders who appoint the Directors. |
| Copyright | Subject to the condition of the original, copies may be supplied for private research use only on receipt of a signed undertaking to comply with current copyright legislation. Permission to make any published use of material from the collection must be sought in advance from the Head of the History of Psychology Centre and Archives and, where appropriate, from the copyright owner. Where possible, assistance will be given in identifying copyright owners, but responsibility for ensuring copyright clearance rests with the user of the material |