Companies Act 2006
The Companies Act 2006 is the most significant companies legislation since 1948. It is a massive body of law, comprising 1,350 sections and 16 schedules. There has been a complex timetable for implementation, starting January 2007 but the most important and far-reaching provisions finally came into effect on 1st. October 2009
The Act comprises a complete re-casting of our company law. Some provisions are merely restatements of existing law, but there are some really significant changes and very many minor amendments. Among the many effects are:
- all new documents and forms for the registration of companies from 1st. October 2009
- all new Companies forms for all procedures from 1st. October
- no need to register a company's objects
- no need to have an authorised share capital
- new rules about the acceptability of new company names
- no requirement to have a company secretary (from 6th. April 2008)
- new Model Articles, which replace Table A and effectively the old memorandum of association is abolished
- directors may register a service address, which need not be their residential address. This will be the address available to the public, though Companies House must still be notified of the residential address, though this is usually available only to a restricted range of government bodies and credit rating agencies
- new rules on directors' duties
- many other changes to company procedures and rules.
At Incorporation Services we have invested much time and money in staff training, document development and new softwareto maintain our position at the forefront of company registration business. If you have any questions about the new Act, please contact us.