Corporations Act 2006

The Corporations Act 2006 is a key piece of legislation in the UK that governs how companies operate. It covers the formation, administration, and dissolution of companies, outlining the duties of directors, shareholder rights, and the responsibilities of auditors. The Act aims to protect investors, promote transparency, and ensure fair practices in the corporate sector. It also establishes regulations for financial reporting, corporate governance, and compliance, ensuring that companies operate in the public interest and maintain accountability. Overall, it provides a framework for the legal and ethical functioning of corporations within the UK.