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The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law. The act was brought into force in stages, with the final provision being commenced on 1 October 2009.
The new requirements to bring a "derivative claim" are now codified in the Companies Act 2006 sections 261–264. [170] Section 260 stipulates that such actions are concerned with suing directors for breach of a duty owed to the company.
The duty of directors to produce a directors' report once a year is found in the Companies Act 2006 section 415. Under section 416, the contents must include the directors' names and the company's principal activities. The critical requirement is found in section 417(1). A business review must be carried out, though this is only for large ...
Under section 9 of the Companies Act 2006, [3] those forming a company must send the following documents, together with the registration fee, to the Registrar of Companies. Most incorporations submitted by paper take around 5 working days to be accepted. For detailed information see the Companies House guide. [4]
Companies Act 2006 ss 21, 112, 168 and 284, company constitutions, amendment, voting rights and removal of directors Model Articles, Sch 3, paras 3 and 34, model articles for public companies Companies Act 2006 ss 170–177, 260–263 and 419 (directors’ duties, derivative claims, report)
The principal legislation governing reporting in the UK is laid down in the Companies Act 2006, which incorporates the requirements of European law. The Companies Act sets out certain minimum reporting requirements for companies and, for example, requires limited companies to file their accounts with the Registrar of Companies who makes them ...
In Hungary, business entities are mainly regulated by the Companies Act of 2006, [49] the Companies Registration Act of 2006 and the new Civil Code of 2013. [50] All companies are required to indicate their type in their name.
An objects clause is a provision in a company's constitution stating the purpose and range of activities for which the company is carried on. In UK company law, until reforms enacted in the Companies Act 1989 and the Companies Act 2006, an objects clause circumscribed the capacity, or power, of a company to act.