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Last minute concessions on the role of Company Secretaries

At The Insititute of Chartered Secretaries and Administrator's annual conference on 5th October John Alty, who is Director General Fair Markets for the DTI, read out an important letter from Margaret Hodge, the minister responsible for the Companies Bill. There will be no departure from the provision in the Companies Bill that the position of company secretary in all private companies will be voluntary, but the Government will introduce late amendments concerning the role and status of company secretaries that do serve.

In essence the detail of the letter stated that the role and status of the company secretary of a private company will be the same as it is now. This means that they will always be an officer and an authorised signatory of the company, which would not necessarily be the case without the intended amendments.   At the last count, 1341 people had booked on to the seminar The Impact of the Companies Act 2006 and many of the presentations are full - we urge you to book now to avoid disappointment.

The session was chaired by Declan Curry of the BBC’s Breakfast programme. He gently and courteously pointed out to Mr Alty that the Government has been consulting on these points for eight years and asked why the amendments could not have been made earlier. Mr Alty took the rebuke in good part and replied 'better late than never'.

The Companies Act 2006 will represent the most substantial overhaul of company law for decades. The seminar, The Impact of The Companies Act 2006, explains in detail the hundreds of changes that will be made by this new legislation.

Five reasons why you should attend this seminar

  • You will not find another seminar in the market place that provides you with such comprehensive coverage of the impact of The Companies Act 2006 at the price of £99.
  • The seminar is presented by experts in company law who have monitored the progress of this reforming legislation since the DTI commenced its fundamental review in 1998.
  • The seminar delivers all the essential matters that all company secretaries, directors, auditors, shareholders and employees need to know about The Companies Act 2006.
  • The seminar is supported by a comprehensive manual and CD, which are essential resources for people when they get back to their workplace.
  • All company secretaries, directors, auditors, shareholders and employees of private, public and quoted companies who do not know about the significance of the changes will run unnecessary risks.

Click here to book a place on this seminar and prepare yourself for the impact of this important new legislation.

The Companies Act 2006 will bring hundreds of changes, here are just five of them

  • There will be a statutory statement of directors' general duties, which means there will be a statutory requirement for directors to have regard to a whole list of issues including social and community matters.
  • Shareholders will have extended rights to sue, in the name of the company, directors for negligence and other defaults.
  • The Secretary of State will have the power to order that all filing of documents at Companies House must be done electronically.
  • Private companies will not hold Annual General Meetings.
  • The time limits for companies to deliver their accounts to Companies House and to the members will be reduced .

Click here to see which dates are still available and book a place on this seminar.

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