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“ providing company information that customers value ”

Small Business Enterprise and Employment Act Events Team

Agenda § § • • Introduction of Companies House Reasons for the changes in Legislation What has already been implemented What is yet to come

Already implemented § 26 th May 2015 - Abolition of bearer shares § 10 th October 2015 - Suppression of the day of date of birth § Accelerated Strike Off § Consent to Act April 2016 § Director Disputes § Registered Office § Recognise /collect information on their Person with Significant Control Coming in June 2016 § People with Significant Control § Confirmation Statement (Check and Confirm) § Company Registers § Directors Misconduct § Statement of Capital

About Companies House

Implemented 26 th May 2015 § Abolition of bearer shares 10 th October 2015 § Suppression of the day of date of birth § Accelerated Strike Off § Consent to Act

§ 26 th May 2015 Bearer Shares were abolished § 9 months to surrender/convert to registered shares § Register to a named owner

§ Suppression of the DAY of the date of birth § Appointments from 10 th October 2015 § Not removed from historical documents § DOB Suppressed on data output

§ The legislation has changed to reduce the time in which it takes to strike companies off the public register. § Voluntary strike off - from 4 months to approximately 3 months § Compulsory strike off - from 5 -6 months to around 4 -5 months § Reduced to 2 months from 1 st Gazette to 2 nd Gazette

§ Statement of truth § Directors only § Recommend companies obtain evidence of consent to appointment § Write to directors each time they’re appointed § Leaflet outlining the responsibilities of directors

Implemented in April 2016 § Director Disputes § Registered Office Disputes § Recognise /collect information on their Person with Significant Control

§ A simpler way to remove falsely appointed directors details from the register § For appointments on or after 6 th April 2016 on IN 01/AP 01 -02 § Receive a complaint via a form RP 06 (6 th April) § Provide evidence to prove consent § Evidence provided will be shown to all sides § No evidence - Appointment will be removed

§ Receives 3 rd party complaint RP 07 (6 th April) and supporting evidence § Request to company to change registered office address or submit evidence of authorisation within 28 days. § Evidence provided will be shown to both sides § No evidence - registered office address will be changed to a Companies House in jurisdiction § Registrar will receive & store company mail § Company will have to apply to collect mail

§ Trust and Transparency around who owns and controls the company § Companies to identify who are their People with significant control § Create own register in preparation of filing the information at Companies House from June 2016 § Consultation on GOV. UK

https: //www. gov. uk/government/news/keeping-your-people-withsignificant-control-psc-register

Coming in June § § § People with Significant Control Confirmation Statement (Check and Confirm) Company Registers Directors Misconduct Statement of Capital

This information will be filed at Companies House on Incorporation and updated on the Confirmation Statement § owns more than 25% of the company’s shares § owns more than 25% of the company’s voting rights § Owns right to appoint or remove a majority of the board of directors; §. . the right to exercise, or actually exercises, significant influence or control over the company §. . the right to exercise, or actually exercises, significant influence or control over the activities of a trust

§ Replaces Annual Return § Check and Confirm date 1 st based on date of incorporation § Delivered within 14 days of the date § Ensure company records are up to date first § Only amendments able to do on the form are § § SIC Codes Capital Shareholders PSC (non-elected)

§ Private companies will be able to opt to keep certain information on the public register, instead of holding their own statutory registers § Will apply to the register of members, directors, secretaries, directors’ residential addresses and PSC register

§ The disqualified directors regime has been updated and strengthened § New offences on top of existing § Disqualification for certain convictions abroad § Disqualification of person instructing unfit directors

§ Simplification of the statement of capital and consistency throughout the Act § Only required to show aggregate amount unpaid on the total number of shares § Only required to provide a full statement of capital when changes have been made during the year

Already implemented § 26 th May 2015 - Abolition of bearer shares § 10 th October 2015 - Suppression of the day of date of birth § Accelerated Strike Off § Consent to Act April 2016 § Director Disputes § Registered Office § Recognise /collect information on their Person with Significant Control Coming in June 2016 § People with Significant Control § Confirmation Statement (Check and Confirm) § Company Registers § Directors Misconduct § Statement of Capital

Register for e-Reminders A timely email reminder of when your accounts and annual returns are due at Companies House. Can register a maximum of 4 email addresses per company. An alternative to paper reminder letters sent to your registered office address

PROo. F Scheme - PROtected Online Filing § § Prevent a company hijack Change the registered office address. Appoint an officer To obtain credit and goods Once registered for the PROOF scheme these paper documents will be rejected. § § § AD 01 - Change of registered office address AP 01 -AP 04 - Appointment forms CH 01 - CH 04 - Change of officer details forms TM 01 -TM 02 - Termination forms AR 01 - Annual Return form

Mobile App § Mobile App is FREE § Shows only the free information § Allows you to check company information on the go! § Save frequently viewed companies in your ‘Favourites’. § Variety of sort options in Favourites – company name, number or when accounts or returns are due for filing. § Amber/red alerts when AR and AA are due/overdue.

Mobile App – Company Information

Companies House Service

Officers data Xx xx Xx Xx xx

Contact us Telephone: email: Follow us: 0303 1234 500 enquiries@companieshouse. gov. uk Facebook: facebook. com/Companies. House Twitter: @Companies. House Linked. In Companies House You Tube Channel

Thank you for listening! Any feedback? § eventsteam@companieshouse. gov. uk