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If a company is unable to pay its debts as they fall due, UK insolvency law requires an administrator to attempt a rescue of the company (if the company itself has the assets to pay for this). If rescue proves impossible, a company's life ends when its assets are liquidated, distributed to creditors and the company is struck off the register.
The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law. The act was brought into force in stages, with the final provision being commenced on 1 October 2009. It largely superseded the Companies Act 1985.
The history of company law in the United Kingdom concerns the change and development in UK company law within the context of the history of companies, deriving from its predecessors in Roman and English law. Company law in its current form dates from the mid-nineteenth century, however other forms of business association developed long before.
The Companies Act 1947 (10 & 11 Geo. 6. c. 47) was a United Kingdom Act of Parliament, that updated UK company law after the Companies Act 1929. It covered issues such as winding-up and bankruptcy. [1] It was soon recodified in the Companies Act 1948.
The Companies Act 1948 (11 & 12 Geo. 6. c. 38) was an Act of the Parliament of the United Kingdom, which regulated UK company law.
Jenkins Committee on Company Law; Joint Stock Companies Act 1844; Joint Stock Companies Act 1856; L. Limited Liability Act 1855; Limited Liability Partnerships Act 2000;
In company law, three main areas regulate mergers and acquisitions (also, reconstructions or takeovers). There are three main areas of law, those to do with schemes of arrangement overseen by a court, those for general reconstructions, demergers, amalgamations and so on that are not overseen by a court, and takeovers, which concern acquisitions of public companies.
By contrast, in England and Wales, each company board is typically accountable to shareholders, mostly asset managers, under the Companies Act 2006. While both UK and EU law is clear that water companies, even if privatised, still are public bodies, [183] these companies pursue shareholder profit, only restricted by regulation.
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