The DTI has recently issued three documents for consultation on company law issues:

• 'A consultation on extending use of summary financial statements and other minor changes' - this includes proposals to remove from the law the requirements to restate corresponding amounts where they are not comparable. The Board is consulting in parallel on this issue in FRED 35 (see page 6). Comments are requested by 10 June;
  
  
• 'Directive Proposals on Company Reporting, Capital Maintenance and Transfer of the Registered Office of a Company' - the proposals in respect of company reporting include requirements for disclosures relating to 'off balance sheet finance' and 'related party disclosures'. The ASB has responded to the DTI to support the principles of these disclosures, but placing them within the context of a European policy centred on convergence with IFRS. The ASB response also welcomes any move to reform capital maintenance towards a regime based on solvency. The ASB response can be accessed at : www.frc.org.uk/images/uploaded/doc uments/DTIreReporting&CapMtce.pdf Comments are requested by 3 June;
  
  
• 'Company Law Reform' - this White Paper sets out a range of measures for the proposed Company Law Reform Bill, taking forward many of the proposals from the Company Law Review. Comments are requested by 10 June.