Recent Company Law Changes

Cube Partners, Accountancy firm based in Northampton.

Amendments to company law have been made by the Small Business, Enterprise and Employment Act 2015, including:

    • Increased accountability of shadow directors (our corporate clients have received an e-shot on this)
    • The abolition of bearer shares
    • Changes to the process by which directors give consent to their appointment
    • New rules on directors’ disqualification, including the introduction of new grounds for disqualification
    • The partial suppression of dates of birth on the Companies House register.

There are also a number of legislative changes coming up in 2016, including:

    • The introduction of a new requirement for companies to hold registers of people with significant control (the PSC register)
    • The abolition of corporate directors
    • Reduced filing requirements for companies, with the removal of the requirement for an annual return
    • A simplified system of maintaining company registers

Companies House offer detailed guidance on the changesĀ  and upcoming changes at:

Beehive is a business support division of Cube Partners Limited, Chartered Accountants and Registered Auditors.

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