Implementation of the Companies Act 2006

The Companies Act 2006 provisions have now been fully implemented and some of the changes that came in on 1 October 2009 are:

1 A company can now be set up with just 1 person as sole director and shareholder.
2 The Memorandum of Association requirements are greatly reduced .
3 There are new model Articles of Association available..
4 There is no requirement now for Authorised Share Capital;
5 The only address that needs to be on public record is the Directors service address although the directors home addresses still need to be notified to Companies House
6 The forms that need filing at Companies House have all changed,including a more extensive Annual Return.

We suggest that the two items that may need acting on by existing companies are:

1 To consider changing the Companies Memorandum and Articles of Association to the new more modern model Articles
2 To register a service address(typically the Registered Office address) if directors would prefer to not have their home address on public record.
Petersons can of course help with these.

If you would like any further information or assistance with any of the above please contact us.

Implementation of the Companies Act 2006

The Companies Act 2006 provisions have now been fully implemented and some of the changes that came in on 1 October 2009 are:

1 A company can now be set up with just 1 person as sole director and shareholder.
2 The Memorandum of Association requirements are greatly reduced .
3 There are new model Articles of Association available..
4 There is no requirement now for Authorised Share Capital;
5 The only address that needs to be on public record is the Directors service address although the directors home addresses still need to be notified to Companies House
6 The forms that need filing at Companies House have all changed,including a more extensive Annual Return.

We suggest that the two items that may need acting on by existing companies are:

1 To consider changing the Companies Memorandum and Articles of Association to the new more modern model Articles
2 To register a service address(typically the Registered Office address) if directors would prefer to not have their home address on public record.
Petersons can of course help with these.

If you would like any further information or assistance with any of the above please contact us.