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Companies Act 2006: time to review?
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The Companies Act 2006 (the Act) received royal assent in November 2006, following an independent review involving a wide range of people (the Review). The then Minister of State for Industry and the Regions (Margaret Hodge) said it would bring major benefits to business by modernising and simplifying company law. Twenty years on, it is a good time to reflect on whether the Act accomplished what it set out to do and to look at some changes the government could consider. This article picks out some of the areas where improvements could be made.
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