Feeds

Government postpones company law reforms

But some parts may still arrive October 2008

Build a business case: developing custom apps

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.

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?