Lamport Bassitt Solicitors - Legal News - Companies Act 2006 is a "massive piece" of legislation


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Companies Act 2006 is a "massive piece" of legislation The Companies Act 2006 has been described by one expert as a "massive piece" of legislation. According to Iain Mackintosh, founding member of the Association of Publishers of Online Legal Documents, it comprises 1,300 sections with over 40 sets of accompanying regulations, Bytestart reports. At the centre of the laws is a "think small first" approach, he suggested, adding that prior to the changes company rules had been drafted for the running of larger firms. He remarked: "The act has sought to reverse this by applying minimum requirements for all companies with additional layers provided for public and listed companies." The motivation behind the new legislation was to create a modern and simple regulatory framework that helps to promote investment, employment and enterprise, Mr Mackintosh added. Labour fully completed its implementation of the act on October 1st last year and the details of it are still under review to see if improvements can be made. Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News