Company Administration Flashcards
(17 cards)
Company Administration
What is SAIL and what steps to use it?
3
Single Alternative Inspection Location
File Form AD02 at Companies House
Form AD03 to tell Companies Hosue what docs are kept there
Company Administration
Register of Members
1
Every members name & address
Dates start/end
Share number(s) allocated
Classes of share
Theoretically open to public but not in reality
Company Administration
Mins of General Meetings & Copies of WRs
Where are they kept
Registered office or SAIL
Not available to the public
Company Administration
Accounting records
Where are they kept
Registered office or any other place chosen by Directors
Only availabe to company officers
Kept for 3 years
Company Administration
How long must companies keep Directors Service contracts for?
1
1 year
Can be inspected by shareholders
Company Administration
Confirmation Statement
2 (when filed & Form)
Filed annually
Form CS01
Company Administration
Annual Accounts & Directors Report
1 (when filed)
9 months after companies year end
Company Administration
Shareholder Resolutions
How long to file at CH?
1
Within 15 days
Company Administration
Filing of new Articles at Companies House- how long?
1
15 days
Company Administration
Decsion process to change registered office
Taken by Directors under their general power of management MA3
Filed via Form AD01 and change effected when registered at CH
14 days to move office
Company Administration
Appointment of Director
Usually appointed by other Directors (board resolution)
Form AP01 filed 14 days after appointment
Register of Directors and Confidential Register of Directors Addresses also updated in 14 day period
Company Administration
Directors Service Contracts
Available at registered office or SAIL for 1 year after contract ends
If term is guaranteed for more than 2 years, requires approval by OR
Company Administration
Termination of Appointment of Director
Aftter termination (either resignation or s168)
Form TM01 filed at CH within 14 days
Update Register of Directors & Confidential Registser of Directors addresses
Company Administration
Change of Company Name
SR to change company name or WR
Directors file Form NM01 in 15 days
Takes effect when certificate of incorporation on change of name issued
Company Administration
Change Articles
SR or WR
File at CH within 15 days
File amended Articles within 15 days of amendment taking effect
Company Administration
Transfer of Shares
2 (who and time limit)
Directors decide whether to transfer shares
(if yes) update register of members within 2 months
