Guarantee Companies News
29 June 2011
The Bribery Act 2010 comes into force on 1 July 2011. The Ministry of Justice published guidance earlier this year which shows that the Act can apply as much to charities as to other organisations. Charities should therefore consider taking appropriate steps to minimise the risk of liability under this new Act.
01 June 2011
The 'fit and proper persons' test introduced last year caused some concern amongst charities, particularly in relation to its scope and potentially wide application to 'managers'. HMRC issued new guidance on the application of the test earlier this year and have recently reported that it appears to be working well in practice.
09 May 2011
Many charities and their advisers have long been calling for reforms to the gift aid system. Several new measures for the reform of gift aid were announced in the Budget this year and go at least some way to addressing their concerns.
31 March 2011
Points of interest from the 2011 Budget.
30 January 2009
New company law changes will affect the way charitable companies are managed by their trustees.
30 January 2009
The Companies Act 2006 codifies directors’ duties in statute law for the first time.
30 January 2009
The Companies Act 2006 introduces a new procedure for members to bring a claim against a director on behalf of the company for “an actual or proposed act or omission involving negligence, default, breach of duty or trust by a director.”
30 January 2009
Sections 177 and 182 of the Companies Act 2006 re-state a director's duty to declare direct or indirect interests in a proposed or existing transaction or arrangement with the company. These company law requirements are in addition to the obligations on trustees under charity law to declare and manage conflicts of interest.
30 January 2009
The objective of the Companies Act 2006 is intended to be deregulation, mainly intended for small to medium-sized owner/manager company businesses – but some of the provisions may be of interest to charitable companies.