News story
New measures will help to relieve the burden on businesses during the coronavirus (COVID-19) outbreak.
The Corporate Insolvency and Governance Bill received royal assent on 25 June and is now an Act.
The measures in this Act will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate.
What happens next
Some of the measures in the Act will come into effect immediately. Other measures will come into effect once the secondary legislation comes into force.
The Act:
- introduces temporary easements for Annual General Meetings (AGMs) and filing requirements for public limited companies (PLCs)
- introduces new corporate restructuring t…
Read the full article at: https://www.gov.uk/government/news/corporate-insolvency-and-governance-bill-receives-royal-assent
