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In corporate law, the directors register is a list of the directors elected by the shareholders, generally stored in the company's minute book.By law, companies are required to keep this list up to date to remove those directors who are deceased or resign, and to add those who have been elected by the shareholders [1] However, the register must also list any person who had been a director ...
The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 amended the Act with effect from 1 October 2013 and in respect of reporting years ending on or after 30 September 2013, creating a duty for large companies to prepare a "strategic report" which includes "a fair review of the company’s business", and describes ...
Companies House was a member of the Public Data Group, an advisory board which between 2011 and 2015 sought to improve public access to government data. [25] Companies House is also responsible for dissolving companies. [26] In 2020, there were approximately 4.3 million businesses on the Companies House register. [27]
Under UK law it is a legal obligation to register the names, date of birth, home and work addresses, manner of control and other details of PSC with the government via Companies House. [3] Once the PSC's identity has been verified they will then be added to the public list, available on the Companies House website.
Under section 177, when directors are on both sides of a proposed contract, for example where a person owns a business selling iron chairs to the company in which he is a director, [17] it is a default requirement that they disclose the interest to the board, so that disinterested directors may approve the deal. The company's articles could ...
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.
This was witnessed by the fact that successful cases on directors' duties before the Companies Act 2006 seldom involved minority shareholders, rather than a new board, or a liquidator in the shoes of an insolvent company, suing former directors. The new requirements to bring a "derivative claim" are now codified in the Companies Act 2006 ...
public company and securities register — the official repository of publicly listed or unlisted companies whose at least one emission of securities was offered for the purpose of free trading to a number of persons exceeding certain threshold (varying according to jurisdiction), thus placing such a company under specific regulatory ...