Companies Act timetable published

Steady as she goes

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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)
FAQ from the DTI on the Companies Act 2006
DTI plain English summary of what the Act means for private companies (PDF)
More private company information on the new Act from the DTI, best suited to lawyers (PDF)
Email notices and footers
Companies Act passed, but don't panic yet

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