New Companies Act Regulations are now out!
The Regulations were released on the 22nd December and provide details about, among other things, the following: |
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The record-keeping requirements for companies, including information to be retained concerning directors, and details of how such records may be accessed; |
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What accounting records are required to be maintained; |
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The financial reporting standards that apply to different company types and the requirements for "audits" or "independent reviews" of annual financial statements (where applicable); |
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The establishment of a Business Rescue Practice Regulatory Board to regulate the appointment of business rescue practitioners and the required qualifications for a person to be appointed as a business rescue practitioner; and |
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How complaints, applications and Companies Tribunal hearings under the 2008 Act are to be made and dealt with. |
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Reserving, transferring and registering company names, including defensive names; |