£90+VAT. (Click here for information on the Flexiticket discount scheme - fees as low as £39.60+VAT per place)

 The Companies Act 2006 has been said to be the most radical rethink of company law since the 19th century.  Is it?  And could the changes made by it provide opportunities for us to rethink some practical aspects of running a company? The course will:

• cover all the major areas of change introduced by the Companies Act 2006
• explain why they have happened
• consider their effect on the day-to-day running of a company.
• suggest some practical action which can be taken by companies’ management and their accountants to bring their business up to date and take advantage of the opportunities that the Act provides.

 Everyone – practitioners and accountants in business – who works in a company or deals with companies and who is therefore affected in some way by company law and by the changes made in the 2006 Act. 

• The reasons for change
• The government’s objectives in reforming company law: enhancing value for shareholders; the need to ‘think small first`; making it easier to set up and run a company; flexibility for the future
• Starting a company: incorporation and formation of a company; memorandum and articles; raising capital – shares and debentures; written resolutions and the exemptions for removal of an auditor or director
• Running a company: directors – appointment and vacation of office; directors’ duties, and controlling a breach of duty; indemnity to cover directors’ liabilities; meetings and resolutions; minority protection; capital – maintenance of capital and protection of members and creditors; meeting appropriate professional standards
• Accounts: updated requirements of the Companies Act 2006
• Audit: audit threshold; links with International Auditing Standards; updated requirements of the Companies Act 2006; auditors’ liability
• Practical suggestions for action to be taken as a consequence of the legislation.