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Companies House is the executive ... Check database of high risk individuals and businesses. The exercise also revealed more than 1,500 disqualified company directors ...
Public limited companies (PLC) – the company's shares may be offered for sale to the general public and the members liability is only limited to the amount unpaid on shares held by them. This also includes community interest public limited companies; All companies are formed in close to the same way they register with Companies House.
New companies file a statement of initial significant control to Companies House alongside the other documents required to incorporate the company. Existing companies deliver this information annually to the public register when making a Confirmation Statement. [6] Companies must enter any changes to PSC information on the company’s own PSC ...
Companies may, however, reduce their capital to a lower figure if directors of private companies warrant solvency, or courts approve a public company's reduction. Because a company buying back shares from shareholders in itself, or taking back redeemable shares, has the same effect as a reduction of capital, similar transparency and procedural ...
Cases under the Company Director Disqualification Act 1986, such as Re Barings plc (No 5) [11] show that directors will also be liable for failing to adequately supervise employees or have effective risk management systems, as where the London directors ignored a warning report about the derivatives business in Singapore, where a rogue trader ...
The following is a list of chief executive officers of notable companies. The list also includes lead executives with a position corresponding to chief executive officer (CEO), such as managing director (MD), and any concurrent positions held. Companies with a revenue of at least US$ 10 billion are included in the list.
Companies incorporated in Wales may elect for their registered office address to be recorded as in Wales rather than in England and Wales. [8] Under regulations implemented in the UK on 1 October 2009, company directors may now also use a registered office address instead of their private home address for contact on the Companies House register.
The duty of directors to produce a directors' report once a year is found in the Companies Act 2006 section 415. Under section 416, the contents must include the directors' names and the company's principal activities. The critical requirement is found in section 417(1). A business review must be carried out, though this is only for large ...