Safeguards behind financial-assistance reform
The FAQ explains that removing the private-company prohibition does not remove directors' duties or protections against abusive transactions. Company constitutions can protect shareholder interests, while directors' duties and wrongful-trading rules remain relevant to creditors. It also says the consolidated Act would be updated after commencement and explains why implementing technical subsidiary legislation did not receive a further general public consultation.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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