The UK's Trade and Industry Secretary, Patricia Hewitt has unveiled plans to speed the implementation of amendments to company law in the United Kingdom, it emerged last week.
Under the terms of the proposals, upon which comment is invited until September 24, company legislation could be reformed via a special form of secondary legislation, making it easier to keep the legislation updated and relevant.
In a written statement submitted to the House of Commons, Ms Hewitt explained that the proposals were 'designed to help ensure that company law remains up-to-date in future, and to make it clearer and more easily accessible in particular for smaller firms".
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