Feeds

Government postpones company law reforms

But some parts may still arrive October 2008

Security for virtualized datacentres

The date when significant parts of the Companies Act come into force has been put back a year. It will now be 1 October 2009 instead of 1 October 2008, according to the UK Government.

Stephen Timms, Minister of State for Competitiveness, made a written statement to Parliament today detailing changes to the Companies Act Implementation timetable.

Timms said the systems needed to implement the changes were not ready yet. "We need to make sure the necessary changes to the Companies House systems and processes are in place before we bring the final provisions of the Act into force," he said. "We are giving business early warning of this change in the implementation timetable so they do not incur unnecessary costs".

The Department for Business, Enterprise and Regulatory Reform (BERR) said that it would consult with business to see whether some provisions of the Act can still come into force in October next year.

Those parts of the Act which were due to come into force in April of next year will still do so, said BERR.

Among the elements that have been delayed are requirements relating to company formation and a company's internal constitution; directors' residential addresses; company and business names; and a company's share capital.

The elements which come into force next April include a separate, comprehensive "code" of accounting and reporting requirements for small companies and abolition of the requirement for private companies to have a company secretary.

Timms published an amended timetable for implementation, and said that a further timetable would be published in December.

Copyright © 2007, OUT-LAW.com

OUT-LAW.COM is part of international law firm Pinsent Masons.

Choosing a cloud hosting partner with confidence

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.