The Companies Act has been rewritten numerous times within the UK, with the latest version being the Companies Act 2006. This act is part of the UK Company Law and makes up the primary legislations within the law.
The act has been created in order to provide a comprehensive code of conduct in relation to company law for companies operating within the UK. The law stated numerous common law principles and outlines the responsibilities of directors of companies. The act also stated the European Union Takeover and Transparency Obligations Directives. The act stated the provisions that are compulsory for both private and public companies.
Historically the law governing director