The government published an overview of the commencement timetable for the new Act at the end of February 2007. Three common commencement dates were announced - 1 October 2007, 6 April 2008 and 1 October 2008.
Secondary legislation will bring the detailed sections of the new Act into effect in line with these dates. At the time of going to print, two Commencement Orders had been issued, bringing the first sections of the Act into force in January and April 2007.
| What's next? The government will now consider the responses to the consultation documents it published earlier this year. Sections of the Act that are expected to take effect from October 2007 include many of those relating to a company’s directors and those relating to meetings and resolutions. The sections relating to accounts and reports and audit will take effect from April 2008. Precise commencement dates will appear in further legislation. If you would like to discuss the changes to company law in more detail including how you might begin to plan for them please contact us. |