To save business time and money Government departments now issue all their changes to business regulations on two dates per year – 6 April and 1 October. This is part of the Government’s commitment to promote better regulation, regulating only where necessary, doing so in a proportionate and targeted way, and reducing bureaucracy wherever possible.
From today, new businesses will be able to save valuable time and money with simpler model articles, making it easier to start up and run companies. Other measures will help shareholders and investors by encouraging disclosure of strategic, forward looking information through enhanced business review.
The biggest overhaul of company law is completed today when the final elements of the Companies Act 2006 are brought into force, with 2.5 million British companies set to benefit from a range of measures that simplify and strengthen the way they do business.