Significant changes in company law that affected all companies came into force on 1 October 2007, and more provisions will apply in stages up to 1 October 2009. The last Companies Act dates from 1989 and an overhaul was thought to be long overdue. The headline aim is to reduce the burden of bureaucracy on small companies – and this should benefit many arts organisations.
The Companies Act 2006 is causing particular problems, though, as the drafting is unclear. The government... more