companies act 2006 - part I
have been looking at the new companies act - below is part I of my notes will add more as i go along:
Companies act part I
- Private ltd companies no longer required to have a secretaries, it is now optional, but plc must have a secretary
- All ltd companies - all communications including websites, footers of letter headed paper, faxes, emails, order forms must have the company registration number, place of registration and registered office address and it must be in legible characters. Failure to do so can result in a £1000 fine
- Age limits for directors – no upper limit but anyone under 16 will not be eligible and if they had been appointed before 1 oct 2008 they will cease to be directors and companies house will not notify
- No longer statutory for private companies to have annual general meetings – but they can if they want to
- Every company must have one person who is a natural person, those companies set up where this is not the case will have a grace period until 2010.
- Directors personal address which are filed at companies house will be kept in a separate secure register and not for public only work addresses will be available. Though if you work from home and your company is registered at your home address then it will be the registered address
- Restriction of access to the register of members – all external requests to view a company’s register of members will need to write with their contact details, and the reason why they want it and if they will be providing it to anyone and why and to whom. The company then has 5 working days either comply with the request or apply to the courts to restrict access to the register
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