Why was the companies act 2006 introduced
Why was the Act introduced? It is the longest piece of legislation ever enacted in the UK, with over 3sections. Legislation is available in different. For a defendant, it made the offence much simpler to understand an from the Crown’s perspective, much easier to prosecute. The changes have been introduced largely to reflect the increase in electronic company formation and the rise in incidences of single director and shareholder controlled companies. Entrenchment provisions can be detailed in the articles of association and established restrictions. Where there are changes to the constitution of a company, changes need to be informed. It had the distinction of being the longest Act in British Parliamentary history: with 3sections and covering nearly 7pages, and containing schedules (the list of contents is pages long) but it has since been surpasse in that respect, by the. The prime aims of the Act are: to modernise and simplify company law, to codify directors duties,...