Companies Act 2006 delayed until 2009
The Government announced last week that the full implementation of the Companies Act 2006 will be delayed until 1st October 2009. The news has generated mixed feelings. Some companies will be grateful for the extra year within which to switch from the 1985 Act to the 2006 Act. Others, who have already started the required changes are experiencing uncertainty as to when their changes will come into effect and whether to now wait until 2009.
The Government however has also indicated that some of the new provisions such as new accounting and auditing requirements or the fact that Company Secretaries will no longer be required will still go ahead in April 2008 as originally planned.
For a full breakdown of the implementation timetable you can go to http://www.berr.gov.uk/files/file37975.pdf
For more information about the Companies Act 2006 itself you can go to http://www.companieshouse.gov.uk/companiesAct/faq.shtml
You can download the Companies Act 2006 in .pdf here: http://www.opsi.gov.uk/acts/acts2006/pdf/ukpga_20060046_en.pdf
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