Companies Act 2006 (UK)

The Companies Act 2006 is a key piece of legislation in the UK that governs how companies operate. It sets out the rules for company formation, management, and administration, protecting the interests of shareholders and stakeholders. The Act simplifies company law, making it easier to understand and comply with. It outlines directors' responsibilities, financial reporting requirements, and shareholders' rights, ensuring transparency and accountability. Overall, it aims to create a fair and effective framework for businesses, promoting growth while safeguarding the interests of those involved.