Other Important Issues - Statutory Records

Directors can be and often are prosecuted for non-compliance of Companies House filing rules, particularly in respect of accounts and annual returns. Such offences in default of the Companies Act are criminal matters and are taken very seriously by the Courts, carrying severe fines, disqualification or even prison sentences.

Any change of directors, secretary, registered office or allotment of shares, as well as many other events, must be recorded in the company minute books, and various official forms and resolutions lodged at Companies House. There are strict time limits for the filing of such returns, often as little as 14 days. This also applies to any change of a director's residential address.

The Companies Act also requires that all companies maintain statutory registers and minute books, which record details of basic company structure in respect of officers and shareholders. Whilst this is something often overlooked by many company directors, it is again a criminal offence not to maintain such records.

Company Registrations Online provide your company package with a new incorporation fully completed and in compliance with these rules. However, should any changes occur, it is important that these records are properly maintained. We provide a comprehensive Annual Compliance Service to assist in this respect, and we would urge you to consider this facility to ensure that your company records are correctly maintained and remain up to date with current regulations.

Click here for more information about our Annual Compliance Service.