New Companies Act 2006

December Tax Newsletter

Although the new Act largely consolidates existing legislation, there are a number of relaxations that apply to private companies that we would like to point out. The changes noted will be effective at some date before October 2008. The exact timing is yet to be announced.

1. Accommodation addresses. It will be possible for directors and shareholders to post accommodation addresses to Companies House records, and thus avoid the disclosure of their home address.

2. Company Secretary. There will no longer be a requirement for the appointment of a company secretary, unless the company wishes to appoint someone to that post.

3. AGM. There will no longer be a need to have an annual general meeting, unless again the company chooses to do so.

The new Act applies to the whole of the UK, so there will no longer be separate legislation for Northern Ireland.