The government has announced it intends to make temporary amendments to the effects of corporate insolvency and governance legislation for an additional year.
The government laid the regulations out on 11 February 2021 in Parliament ahead of the power expiring on 30 April 2021.
Additionally, the government has also announced that companies and other qualifying bodies with obligations to hold AGMs will continue to have the flexibility to hold these meetings virtually until 30 March 2021.
Measures put in place to protect businesses from insolvency will be extended to continue giving them much-needed breathing space during the Covid-19 pandemic.
However, small suppliers will remain exempted from the obligatio…
Read the full article at: https://www.accountancytoday.co.uk/2021/02/17/government-to-amend-corporate-insolvency-and-legislations-until-2022/