There are some big changes coming in the Company Secretarial world and here at Naylor Wintersgill, we would like to make you aware of the following changes that will affect your company from 30th June 2016.
The Small Business, Enterprise and Employment Act received Royal Assent in March 2015 and as part of this legislation the following changes will come in to force on the 30th June 2016:
The annual return to Companies House will be replaced by a new confirmation statement.
The confirmation statement is intended to serve the same purpose as the annual return, however, one of the main differences is that rather than providing a snapshot of your company data at a specific date, companies will now need to review the information held at Companies House and confirm that this is correct and fully up to date. This review has to be carried out at least once a year.
Once the new confirmation statement, dated after the 30th June 2016 has been filed, companies must then let Companies House know as and when changes to appointments etc. take place.
The filing deadline for the confirmation statement (previously the annual return) is changing from a 28-day grace period to 14 days after the ‘made up date’. e.g. a confirmation statement made up to 30th September 2016 must be filed by 14 October 2016.
When the confirmation statement is filed, companies will, for the first time, have to notify Companies House of the people with significant control.
A person with significant control may be a director, shareholder or someone who is running the business in the background. There are five categories of people who could be regarded as having significant control but, if there is no one with overall control, a company has to make a statement to that effect.
What will happen now?
If we take care of your company secretarial requirements you will receive, ahead of your filing deadline, a company profile which will show the information that we hold for your company.
You will be asked to confirm that this is correct and to identify the people with significant control.
A new PSC (People with Significant Control) Register will now record these details and will automatically become part of the company’s statutory registers.
Please help us to help you by providing any changes to your company structure as soon as these take place.
We are here to help
We are always here to help and should you wish us to take care of the annual company secretarial needs of your company do not hesitate to contact us
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