GREGORY ABRAMS DAVIDSON SOLICITORS
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The Companies Act 2006 is a piece of primary legislation that is changing the law for companies operating in the United Kingdom and largely applies to companies directly.
Passed in 2006, the Act reached the final stage of implementation on 1st October 2009; a number of its provisions are currently being set out in secondary legislation, mainly through regulations or orders made by statutory instrument.
The Companies Act 1985 has been changed in order to meet four key objectives:
A copy of the Companies Act 2006 is available from the Office of Public Sector Information http://www.opsi.gov.uk/acts/acts2006a.htm, or from the Companies Act Publications page of the Companies House website. Further info about the Companies Act 2006 is available on the Department for Business, Enterprise and Regulatory Reform website at http://www.berr.gov.uk/bbf/co-act-2006/index.html
The Companies Act will be supplemented by a series of Regulations using powers given to the Secretary of State in certain parts of the Act. It will be supplemented by Commencements Orders which bring the Act into force. As they are published, details can be at http://www.berr.gov.uk/bbf/co-act-2006/made-or-before-parliament/page35232.html
Some of the key effects resulting from the Act include:-
All Companies:
Private companies:
Key benefits for Shareholders:
Should you have any further questions regarding the Companies Act 2006, please contact Jonathan Abrams, Senior Associate Solicitor in our Corporate department on 0808 501 3528 or direct via email on [email protected]. (Jonathan is also a licensed US Attorney and can answer questions and advise no US Corporate Law matters).
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Gregory Abrams Davidson Solicitors and GAD Commercial are trading names of National Law Partners Limited, registered in England and Wales under number 08312439 and are Authorised and Regulated by the Solicitors Regulation Authority, under number 646548. Gregory Abrams Davidson Solicitors registered office: 20-24 Mathew Street, Liverpool, L2 6RE. VAT Registration Number: 290 6677 68.