It was expected that a new company law bill would become law in 2003, but the government’s agenda is now so full many fear it could be delayed.
There are also concerns that the government will ‘cherry-pick’ the review’s recommendations, published in July last year, to get them into law quickly.
A source close to the consultation process told Accountancy Age: ‘They can’t take it apart. We’re trying to replace the patchwork of law that we have. In substance it should implement all the recommendations as a whole.’
A company law expert at the Department of Trade and Industry said the next step would be to get a slot in the Queen’s speech in the autumn, but this was not yet guaranteed.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements