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.

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.