Implementation to date and guidance notes

JUNE 2017

  • Fourth Anti-Money Laundering Directive (4AMLD)
  • New PSC forms for notifying PSC changes to Companies House; and
  • Changes to the Confirmation Statement as a result of the above

JUNE 2016

  • Confirmation statement replaces the Annual Return
  • Directors' disqualification regime updated
  • PSC information filed upon incorporation with confirmation statement

Principal business activity (SIC codes) for new formations

Applications to register a company have to state the company's principal business activity on incorporation. At least one standard industrial classification code (SIC code) must be provided but up to four codes can submitted.

Please note that this requirement does not apply to applications to register Limited Liability Partnerships (LLPs).

More about SIC codes

A simplified statement of capital is introduced

The new simplified Statement of Capital will apply to any form (paper or electronic) that includes a Statement of Capital, filed on or after 30 June 2016. The new Statement of Capital removes the requirement to separate out shares via the amounts paid up or unpaid. Instead only the total amount unpaid on shares needs to be given.

The new Statement of Capital will apply to the following forms:

  • IN01
  • CS01 Additional Information
  • RR01
  • SH01
  • SH02
  • SH05
  • SH06
  • SH07
  • SH14
  • SH15
  • SH19
  • SH50

Note that this list may not be exhaustive.

Option to hold Company Registers at Companies House

Companies are currently required to hold their statutory registers either at their registered office, or other nominated location (SAIL address). With the exception of the Directors' residential address register, the information held on these registers is available for public inspection on request. From 30 June 2016 private companies can elect to have any one, or any combination, of the following statutory registers held at Companies House:

  • Members
  • Directors
  • Secretaries
  • Directors' residential addresses
  • People with significant control (PSC)

Companies should be aware that the Companies House register service makes these records openly available to any member of the public at any time via the Companies House website. For example, where a company holds its own registers, information such as shareholders' addresses or directors' days of birth are not available from Companies House. This information becomes freely available if the company opts to hold the registers at Companies House. Where any of these registers are kept at Companies House additional filings will have to be made when changes occur in order to keep the register information correct and up to date.

If a company opts in to this service it can only start its registers at Companies House with current information. There is no facility to upload or record historic information and the company would still be required to keep its historic registers available for inspection at the registered office or SAIL address (as appropriate).

APRIL 2016

  • Introduction of the Register of People with Significant Control (PSC)
  • Directors' disputes
  • Registered office disputes

OCTOBER 2015

  • Accelerated strike off
  • Replacement of consent to act procedure
  • Partial suppression of date of birth for directors

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