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Company law
Company law provides the basic legal framework within which limited companies operate. It deals with how companies are formed, how the limitation of members' liability is to be regulated, how companies are governed, how a company's directors are expected to act and explain their actions to their company's members, and how companies should record their performance in accounting terms.
Countries around the world are today making significant efforts to re-think their company law frameworks in the light of the internationalisation of trade and professional standards and of concerns to ensure that national frameworks keep up to date with modern business practices. These pages carry a collection of links to information about developments in company law issues and ACCA's related activities.
ACCA statement on the EU decision on micro companies
ACCA is disappointed at the European Commission’s decision to push for the abolition of the legal requirement for ‘micro companies’ to prepare and publish annual accounts on the grounds that it risks depriving stakeholders of information about companies’ financial status and undermining confidence in the financial viability of the small business sector. View ACCA's statement 
.
Guide to company directors' responsibilities under the Companies Act 2006
An ACCA publication explaining how the Companies Act 2006 affects the responsibilities of company directors is now available from the Company law library.
New accounting regulations under the Companies Act 2006
Re-stated accounting and reporting rules under the UK Companies Act 2006 have now been published. These regulations are issued in the form of secondary legislation and replace the rules previously set out in schedules to the Companies Act 1985. Separate regulations are issued for i) small companies and groups (SI 2008/409) and ii) medium and large companies and groups (SI 2008/410).
Both documents apply throughout the UK and can be accessed at the OPSI website 
Both sets of rules come into effect in April and apply to accounting periods commencing on or after 6 April 2008.