The Companies Act 2006 has taken over our lives at Jordans. With many provisions affecting private companies coming into force on 1 October 2007 we have been busy amending precedents, training our staff on the changes, updating our information sheets and debating how the transitional provisions will affect existing companies.
It hasn’t helped that the Government still hadn’t, at the time of writing this in early September, published the final draft of the regulations amending Table A for new company formations. So, we will be finalising our M&A for company formations at the last minute, and the information in this note about Table A is based on an early draft that we saw of the regulations. If there are any changes we will let you know next time.
Having struggled ourselves to get everything in place for October 2007, I sympathise with practitioners in smaller firms who do not have professional support lawyers to help them get up to speed with the changes. If you are in this position, I hope this edition of Focus is useful. There wasn’t enough room to mention every change, but we have tried to cover the key changes for private companies and the practical effect of those changes.
Group Chief Solicitor
Jordans
