Company Law Update - October 2007.

Article by Paul Salmon and Ruth Walker

New laws on sending statutory documents and information to shareholders, in electronic as well as hard copy form, came into force earlier this year. Companies may wish to review their Articles of Association in the light of these changes.

Introduction

The new Companies Act 2006 (the Act) has introduced, for the first time, comprehensive provisions regarding communications between a company and its shareholders - the Company Communications Provisions. These provisions came into force on 20 January 2007.

The Company Communications Provisions apply to all documents or information authorised or required to be sent under the Companies Acts1 to or from any body corporate. However, the new provisions are of particular interest because they contain detailed provisions regarding electronic communications. Whilst the previous law did contain provisions regarding electronic communications, they were limited to certain documents (namely, the report and accounts, summary financi...

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