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Articles contributed by Kingsley Napley
Financial assistance: whitewashed by the Companies Act 2006
Undoubtedly, the most eagerly awaited provision contained in the most recent Companies Act 2006 (the 2006 Act) implementation in October 2008 was that in relation to financial assistance. One of the overall aims of the 2006 Act was to significantly reduce the administrative burdens involved with running a company. To what extent have the changes to the financial assistance regime eased the regulatory burdens on directors and the workload of their lawyers?
Company accounts and liability: a true and fair view
With the phased implementation of the Companies Act (CA) 2006 almost complete, directors are now beginning to recognise the impact of the new legislation. One key area that CA 2006 seeks to modernise is in relation to company accounts and liability for reports.
Companies Act implementation update
October saw a number of steps along the path to full implementation of the Companies Act (CA) 2006. A number of outdated provisions have been repealed and a range of new legislation introduced.