What is the Companies Act 2006?

Companies Act 2006

The Companies Act 2006 is a complex piece of legislation that took eight years of lengthy consultation before agreement could be reached on the final provisions. The new Act, which became law in October 2009 and contains more than 1,300 sections, replaces the 1985 Act. It aims to modernise company law, simplify legislation, enhance the rights of shareholders, ease the administration burden for companies, and codify the duties of company directors.

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