§ Mr. SheermanTo ask the Secretary of State for Trade and Industry what plans he has to introduce new measures to regulate companies which(a) trade fraudulently and (b) change their name. [56074]
§ Mr. Ian McCartneyI have no new plans at present. My Department has and will continue to take enforcement action against directors who commit criminal offences or who are guilty of unfit conduct, or to refer matters to the appropriate authorities. For example, the Insolvency Service make such directors a target of disqualification action. More widely, the Department's current review of company law is examining how company law can be modernised to give an effective legal framework which will promote business competitiveness without compromising the essential protection for those involved in business transactions.