Monday, 10 November 2014

UK: Small Business, Enterprise and Employment Bill - an update

The Small Business, Enterprise and Employment Bill 2014-15 completed Committee stage in the House of Commons last week: see here. A copy of the Bill, as it left Committee for the Report stage next week, is available here (pdf).

The Bill contains, amongst other things, changes to company filing requirements; the framework for the new register of significant control; the requirement for all company directors to be natural persons (although the Bill provides that the Secretary of State may, through regulations, provide that a person who is not a natural person may be appointed a director); and provisions to apply the general duties of directors in the Companies Act 2006 to shadow directors.

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