A guide for Residents’ Management Companies.
The Companies Act 2006 changed the way that small private companies can run. This includes Residents’ Management Companies (RMCs) and Right to Manage Companies (RTMs).
RMCs and RTMs that were formed before the 2006 Act can choose to adopt parts of it if they wish. If your RMC or RTM wants to change the way they operate as a result, then we advise you to check your company’s articles and seek specialist advice.
In this Advice Note, we take a look at the significant parts of the Companies Act 2006 that are relevant to RMCs/RTMs. We’ll also look at other changes that followed. Where reference is made to RMCs, this also includes RTMs.
