Be first to examine the company law reform bill

05 April 2005

Following its work in the Company Law Review, the DTI published the White Paper 'Company Law Reform' on 17th March, setting out proposals for comprehensive reform of the company law framework, inviting responses by 10th June 2005.

Delegates at the Digita Conference will be the first to understand the impact of the new bill when leading expert in corporate governance and company law, Brenda Hannigan, Professor of Corporate Law at the University of Southampton, discusses the key issues contained in the bill.

The complex bill includes an attempt to simplify certain compliance requirements for small and private companies, such as the removal of the requirement to hold general meetings and to appoint a company secretary, along with a simplified constitution and simplification of the rules on financial assistance for purchase of own shares.

Other proposed measures include a statutory statement of directors’ duties; a change to filing requirements for accounts and reports with time limits reduced; enhanced proxies’ rights; measures to deal with holding shares electronically and changes to rules on keeping shareholders’ registers.

Digita conference organiser Karen Green said:

"Professor Hannigan , an acknowledged expert in company law, will be able to provide our delegates with an informed interpretation of the contents of the bill."

Professor Hannigan said

"The proposed Bill raises the prospect of a lighter regulatory regime, especially but not exclusively for smaller private companies. Professional advisers will want to consider carefully the implications of these proposals for their clients and their corporate structures."

Digita’s annual conference takes place at the Alveston Manor Hotel, Stratford-upon-Avon, on the 27th and 28th April 2005 and includes 18 hours of training, technical briefings and presentations on company law, anti-money laundering, Inland Revenue compliance, as well as one-to-one surgery sessions with Digita Product Managers..

For more information visit Conference 2005 or call 01395 270 311.

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