October 27, 2009

New Company Law Update


The Companies Act 2006 changed the law for companies. Passed in 2006, the Act reached the final stages of implementation on 1 October 2009. Key things you need to know from 1 October 2009:-

Director’s addresses protected from disclosure
From 1 October a director’s current residential address will automatically become the service address. Those directors who don’t want their residential address in the public domain can change it to the company’s registered office on the Companies House website.

Alternative address for registers
There are changes to the arrangements for inspecting a company’s registers. These registers may be held at the registered office address or at a single alternative inspection location (SAIL).

Easier to set up company
There are a number of changes which make it easier to set up a company.

Articles for new companies now include the company’s objectives and liabilities.

Notifying article changes to avoid a fine or penalty
You must send any amendments to the company’s articles to Companies House within 15 days. Otherwise, you could be liable to a criminal offence and a civil penalty of £200.

File accounts one month earlier to avoid a penalty
All Companies House accounts filing deadlines have been reduced by one month. For a private company it’s nine months and six months if you are a public company.  This applies to accounting periods beginning on or after 6 April 2008.

For details call us for your FREE guide or visit  http://www.companieshouse.gov.uk/companiesAct/implementations/oct2009.shtml

http://www.companieshouse.gov.uk/companiesAct/faq.shtml

Contact colin.willet@dbsellek.co.uk or 01344 620495

Important - we endeavour to keep the information on this Site and the Blog accurate and up-to-date as far as possible. However, please remember the content is intended as a helpful guide only and may be subject to change at any time. Please always seek advice from your accountant or Davis Burton Sellek before acting on any of the information provided.

Written by Colin Willett @ 12:00 pm


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