Proposals to simplify company filings
By Sian Sadler and Emma Livesey
On 21 April 2014, the government issued its response to the consultation on company filings launched in October last year. The response outlines plans to introduce measures that will reduce administrative burden, promote transparency and simplify procedure.
The plans include the removal of the requirement to complete an annual return; instead, companies will be required to ‘check’, notify changes if necessary and confirm information at least once in a 12-month period. Companies will have the option, when making a statutory update following an event such as a change in a director’s details, to check and confirm all other information at that point, following which there will be no requirement to check and confirm for another 12 months. This will remove the duplication under the existing system, which requires companies to submit information both as it occurs and on an annual basis, although companies will still be required to pay an annual fee. Companies that wish to continue to use a fixed annual date to check and confirm their information can continue to do so…
Click on the link below to read the rest of the Shoosmiths briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
This first of two articles will deal with rights of way belonging to others.
Obligations on businesses to ensure supply chains are slavery-free, including investigating suppliers and intermediaries.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…