LLD - UK Company Law

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Table of Contents

CHAPTER 1: INTRODUCTION1

Background1

Problem Statement2

Aims and Objectives2

Significance2

Research Question2

Limitation of Research3

Ethical Considerations3

CHAPTER 2: LITERATURE REVIEW5

Companies Act 2006 Reforms5

Provisional primary legislation: audit and accounting6

US companies Act8

US Criminal Justice Act 19938

UK and other countries criminal Law9

The Insolvency Act 19869

Corporate Manslaughter and Homicide Act 2007 UK and US10

The Financial Services and Markets Act 200011

CHAPTER 3: METHODOLOGY13

Research design13

Secondary and qualitative methodology13

Literature Search14

Case Study Methodology14

Data Analysis15

REFERENCES16

CHAPTER 1: INTRODUCTION

Background

The law can be defined as a legal standard enacted by the legislature. It is a precept that is established by the competent authority, which commands or prohibits something in line with justice. The violation of law brings penalty for the violator. The company law or corporate law is the set of rules pertinent to the companies or corporations. This company law has been formed under Companies Act 2006. It is regulated by the Insolvency Act 1986, UK corporate governance code, European Union directives, court cases, and the company which is responsible for organizing and running the business. For designing the rules of internal company, the UK law has always given the freedom to the people. The UK corporate governance intervenes the duties and rights among the following groups:

Shareholders

Employees

Creditors and

Directors

Under the constitution of the company, the board of directors owns the authority to manage business. The best thing about UK Company's law is that, it is shareholder friendly because the shareholders practice exclusive voting rights in the meeting. In this research proposal, the study will focus on the development and issues of UK company law, and comparison of UK company law with US company law.

Problem Statement

There are many differences between UK and U.S laws. Some of laws of UK and US are beneficial for the populations, but there are some laws that have certain drawbacks and they are not beneficial for the individuals.

Aims and Objectives

The purpose of this research proposal is to find out the issues that confronts the UK company law and compare with other countries like U.S.A. This research study will analyze the UK company law and will find out the issues, recent and potential development in the UK Company's law.

Significance

The significance of this study is that the researcher will get to know the different countries laws and compare them that will lead him to analyze what drawbacks exists in different countries' laws.

Research Question

Following will be the research questions:

UK Companies Act is more beneficial than U.S companies' Act?

Why formulating laws are significant for improving the performance of the businesses?

What are the differences between UK and US laws?

How UK and U.S laws are similar to each other?

Limitation of Research

A number of limitations of our study will be mentioned. These limitations will also provide avenues for further research.

First, sample of the study will be restricted to the English speaking countries i.e. UK and U.S.

Secondly, the study will use data obtained from websites and case studies to a limited extent.

Ethical Considerations

One deep ethical problem that exploits researchers, during investigation the use of knowledge cannot be avoided. That is why the researcher should consider the ...