1 October 2009 sees the final and largest implementation of the Companies Act. This will change the way most advisors and directors administer companies. Some of the more important changes are:
- Directors’ services addresses – all company registers need updating
- Directors’ residential addresses to become ‘protected information’
- New procedures for the administrative restoration of companies
- All new Companies House forms, all the 1985 Act forms rescinded
- Voluntary strike off extension
- All companies’ constitutions will be Articles only
- Companies formed after 1 October 09 will be based on the new model articles
- All 1985 Act companies may need to review their Articles, Memorandum of Association will become part of the Articles, may need to adopt new model Articles
- Abolition of Authorised share capital
- A ‘Statement of capital’ is required every time there is a change and with the annual return
In addition to the Companies Act changes there is also the ‘Shareholders Rights Directive’ coming into force on the 3 August 2009 with new rules for all companies when calling and holding general meetings.
Companies House are currently writing to all company directors informing them that changes will happen, but not what the changes are.
At Garside & Co, we are ready to help and advise you. Our systems are being updated and we can help you through this transitional stage. We have produced a series of guides and help sheets to aid you in your planning. You can download them by following the links below:
CA2006 Guide – Filing AR01 Annual Return
CA2006 Guide – Service Addresses and Company Registers
CA2006 Guide – Company Names
CA2006 Guide – Written Resolutions
CA2006 Guide – Eighth Commencement Order
For fresh ideas, new possibilities and a value driven service go to Garside & Co LLP Chartered Accountants in London.