Hi

The Small Business, Enterprise and Employment Bill, introduced into Parliament on 25 June 2014, contains provisions to implement the Government's Trust and Transparency and Company Filing proposals.

The Bill makes a number of significant changes to company law, including:

• the introduction of a public register of people with significant control over UK companies
• restriction on use of corporate directors
• abolition of bearer shares
• extension of duties of shadow directors
• changes to filing requirements, including replacement of the annual return with a process for confirmations
• option for a private company to elect to use the central register (ie Companies House) in lieu of keeping its own register of members, directors, directors residential address or secretaries
• changes to the disqualification of directors regime and introduction of a new compensation regime for insolvent companies.

A copy of the proposals can be found here

Noel Guilford