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Great Britain makes considerable amendments to the corporate legislation. - BaikerLotts
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Great Britain makes considerable amendments to the corporate legislation.

Great Britain makes considerable amendments to the corporate legislation.
Great Britain makes considerable amendments to the corporate legislation.
The bill “About Small Business, Small Enterprises and Employment” presented to parliament (Small Business, Enterprise and Employment Bill), already passed two readings in the House of Commons.
A number of essential amendments mentions also the current law “About the companies” of 2006 (Companies Act 2006). The developed changes are mainly directed on increase of transparency of corporate structures and simplification of corporate administration:
– the requirement about that each company kept the register of the beneficial owners – “the controlling persons” (Register of people with significant control);
– a ban on appointment of corporate directors (directors can be only natural persons);
– ban on demand actions (Bearer shares);
– cancellation of annual reports (Annual return), instead of them other document, “confirmation of data on the company” (Confirmation statement) will have to be filed. He will confirm that the company last year notified the Registrar on all corporate changes which happened in it;
– opportunity to the companies to refuse to conduct some registers: register of directors and shareholders.
It is possible to study this bill on the official site of parliament of the United Kingdom: http://services. parliament. uk/bills/2014-15/smallbusinessenterpriseandemployment. html