A NOTEPAD ON COMPANY AND FINANCIAL LAW, NEWS AND REGULATION
We discussed in this February 2013 post the changes to the private company share buy-back regime prompted by the Nuttall Review of Employee Ownership.
Those changes will be effective from 30 April 2013. The draft statutory instrument which amends the Companies Act 2006 to effect the reforms is here.
UPDATE 30 April 2013: The final regulations are here.
Posted in Companies Act 2006 and company law | Comments Off
One of the recommendation of the Nuttall Review of Employee Ownership, published in July 2012, was that the Companies Act 2006 rules on share buy-backs should be simplified, in order to make it easier for private companies to buy back shares from departing employees and to re-distribute them to new joiners or other employees.
The Government has today launched a consultation on this recommendation, as part of a wider response to the Nuttall Review.
The consultation document can be read here. The principal proposals, all of which relate to private companies limited by shares, are that:
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Posted in Companies Act 2006 and company law, Consultations, UK government | Comments Off
