What a company must do after registration.
WHAT ARISES IMMEDIATELY
Tax registration Opening a bank account Any sector licences
WHAT ARISES ON CHANGES
Change of registered address Change of directors Change of shareholding Change of name Increase in share capital Appointment or removal of a secretary
WHAT EACH REQUIRES
A filing with the registry, within a defined period.
WHY TIMELINESS MATTERS
Late filing attracts penalties, and the register becomes inaccurate.
WHY AN INACCURATE REGISTER CAUSES PROBLEMS
Banks, customers and counterparties rely on it.
WHAT EXAMPLE LOOKS LIKE
A bank refusing an instruction because the director named is not on the register.
WHAT TO KEEP UPDATED
Directors Shareholders Registered address Persons with significant control, where required
WHAT PERSONS WITH SIGNIFICANT CONTROL MEANS
Individuals ultimately owning or controlling the company.
WHY IT EXISTS
Transparency about beneficial ownership.
WHAT TO DO
Establish who they are, and keep the register current.
WHAT TO MAINTAIN INTERNALLY
Statutory registers Minutes of meetings and resolutions
WHY
They are required, and they are requested during due diligence.
WHAT TO CALENDAR
Every filing obligation.
