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Companies Act implementation timetable
The following parts will be introduced from 1 October 2007:
- Part 9 (Exercise of members' rights)
- Part 10 (A company's directors), other than provisions relating to directors' conflict of interest duties, directors' residential addresses and underage and natural directors
- Part 11 (Derivative claims and proceedings by members)
- Part 13 (Resolutions and meetings), and, related to this, sections 485-488 of Part 16 (Audit)
- Part 14 (Control of political donations and expenditure)
- Section 417 of Part 15 (Contents of directors' report: business review)
- Part 29 (Fraudulent trading)
- Part 30 (Protection of members against unfair prejudice)
- Part 32 (Company investigations: amendments)
The commencement provisions in respect of Part 9 will be drafted so as to enable nominee investment operators to send indirect investors' requests to companies from 1 October to entitle indirect investors to enjoy information rights from 31 December 2007.
The following parts will be introduced from 6 April 2008:
- Part 12 (Company secretaries)
- Part 15 (Accounts and reports), other than section 417
- Part 16 (Audit), other than sections 485-488
- Part 19 (Debentures)
- Part 20 (Private and public companies)
- Part 21 (Certification and transfer of securities)
- Part 23 (Distributions)
- Part 26 (Arrangements and reconstructions)
- Part 27 (Mergers and divisions of public companies)
- Part 42 (Statutory auditors)
The following parts will be introduced from 1 October 2008:
- Part 1 (General introductory provisions)
- Part 2 (Company formation)
- Part 3 (A company's constitution)
- Part 4 (A company's capacity and related matters)
- Part 5 (A company's name)
- Part 6 (A company's registered office)
- Part 7 (Re-registration as a means of altering a company's status)
- Part 8 (A company's members)
- Part 10 (A company's directors) - provisions relating to directors' conflict of interest duties, directors' residential addresses and underage and natural directors
- Part 17 (A company's share capital)
- Part 18 (Acquisition by limited company of its own shares)
- Part 24 (A company's annual return)
- Part 25 (Company charges)
- Part 31 (Dissolution and restoration to the register)
- Part 33 (UK companies not formed under the Companies Acts)
- Part 34 (Overseas companies)
- Part 35 (The registrar of companies)
- Part 41 (Business names)
In the light of further consultation with business, section 358 of the Companies Act 1985 will be repealed, which provides a power for companies to close the register of members, with effect from 1 October 2008.
Copyright © 2007, OUT-LAW.com
OUT-LAW.COM is part of international law firm Pinsent Masons.
Related links
DTI implementation overview
Companies Act 2006 (PDF)
Explanatory notes on the Companies Act 2006 from the DTI (PDF)
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More private company information on the new Act from the DTI, best suited to lawyers (PDF)
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