Digita User Area product support, updates and advice

“Due to adverse weather conditions, Companies House is operating with a reduced level of support for its on-line services and contact centre. This may result in delays responding to e-mails and telephone enquiries. We would like to apologise to any customers who may be impacted and for any inconvenience caused.” – Companies House, 13th January 2010 09.00

Companies House have for the first time issued guidance on appropriate wording for the prescribed particulars that are required, as part of a company’s statement of capital, on various forms.

The guidance is limited to the simplest case of a private company limited by shares using the model articles provided in the Companies (Model Articles) Regulations 2008, for which it offers as examples of appropriate wording:

Voting rights: “each share is entitled to one vote in any circumstances”

Dividend rights: “each share is entitled pari passu to dividend payments or any other distribution”

Rights in distribution of capital: “each share is entitled pari passu to participate in a distribution arising from a winding up of the company”

Appropriate wording for the fourth category of prescribed particular, redmption rights, is not offered. It is considered that when redemption rights apply, the terms and hence the wording will vary on a case by case basis.

The full text of the guidance, which also includes examples of inappropriate wording, is included in Companies House CA 2006 – FAQs: http://www.companieshouse.gov.uk/companiesAct/faq.shtml. – see Section ’13. Capital’.

The period allowed for filing accounts at Companies House has been reduced from 10 to 9 months for private limited companies and from 7 months to 6 months for PLCs.

This reduction applies to accounts for accounting periods beginning more »