British Companies Act

The British Companies Act is the primary legislation governing company law in the UK. It sets out the rules for forming, managing, and dissolving companies, ensuring they operate transparently and responsibly. This includes regulations on directors’ duties, shareholders’ rights, financial reporting, and corporate governance. The Act aims to protect investors, creditors, and the public by establishing clear legal standards for corporate behavior, promoting trust in the business environment, and providing a framework for resolving disputes. Overall, it ensures companies act in a manner that balances commercial interests with accountability.