Sunday February 16, 2020

The lowdown: The Companies Act, one year on

Alan Browning is head of company secretarial and compliance agt LK Shields

10th July, 2016
All existing LCs have to convert to a new type of limited company Pic:iStock

It is now a year since the Companies Act 2014 came into force. The deadline for taking action is fast approaching, so it is an opportune time to revisit the main call to action made by the act to pre-existing private companies limited by shares (LC).

The act requires all existing LCs to convert to a new type of limited company. In particular, LCs as we knew them, have been phased out by the act. The...

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