Companies Act (1985)

The Companies Act 1985 was a UK law that regulated how companies operated, including their formation, management, and accountability. It set rules for registering companies, maintaining transparency, and protecting shareholders and creditors. The Act aimed to ensure companies conducted their activities lawfully and ethically while providing a clear legal framework for their governance. It was replaced by more modern legislation in 1989, but during its time, it helped establish standards for corporate behavior and financial reporting in the UK.