Thursday, 28 February 2013

UK: Government consults on company law changes - company names and micro-entity financial reporting

The Government has announced some preliminary findings following its 'red tape challenge' in the field of company and commercial law: see here. Two consultations have also been launched. The first seeks views on possible changes to the Regulations regarding company and business: see here. The second concerns the implementation of Directive 2012/6/EU on the annual accounts of certain types of companies as regards micro-entities (the so-called 'Micros Directive'): see here. This consultation seeks views on the extent to which companies falling within the definition of micro-entity should receive the exemptions from certain financial reporting obligations which the Directive permits Member States to provide. More specific questions are asked with regard to the introduction and implementation of these exemptions.

No comments: