Disclosure by companies - Disclosure to shareholders
211A: Obligations to prepare and make available annual reports or financial statements do not apply to non-active companies
You could also call this:
“Non-active companies no longer exempt from financial reporting requirements”
The Companies Act 1993 used to have a section called 211A. This section was about companies that weren’t actively doing business. It said these companies didn’t have to write annual reports or financial statements. They also didn’t have to share these documents with others. However, this rule doesn’t exist anymore. The government removed it on 1 April 2014. If you want to know more about why this change happened, you can look at section 35 of the Financial Reporting (Amendments to Other Enactments) Act 2013.
