By law, companies have to record and maintain several registers and minutes of meetings, which can take up a lot of time. But, by outsourcing this work to CRO, you’ll save time and money and increase your business’s efficiency as well.
Take a look at why you should consider CRO’s company secretarial services (Cosec).
What Are Direct Cosec Services?
As mentioned above, all UK-registered companies must maintain official registers and minutes, which have all details pertaining to directors and shareholders, information about the transfer of shares, appointment dates of officers, and so much more.
While you don’t have to nominate a company secretary to handle this admin legally, your company still needs to comply with the Companies Act requirements. Secretarial services can go a long way to keep you on top of all the records you must maintain.
They can also help by:
- Filing confirmation statements online
- Ensuring you don’t miss any important deadlines
- Generating shareholder reports
- Producing dividend vouchers
- Issuing shares
- And more
If you don’t have someone to take care of this for you, you are responsible for handling the legal requirements yourself as the director of the company.
At CRO, we can provide ad hoc company secretarial services and more. We take on the burden of ensuring all information is given to board members, that all processes and procedures are correct and followed to the letter, that you’re compliant with the latest legislation, etc.
Why Do You Need Direct Cosec Services?
Simply put, the Companies Act 2006 has made it a legal requirement for companies to maintain certain records, which includes – but is not limited to – minutes of directors’ meetings.
This means that companies must record all proceedings at meetings of their director in the form of minutes, records have to be kept for at least ten years, failure to comply is seen as an offence and can lead to fines, and so on.
We understand that you’re busy, which is why we offer direct Cosec services that will give you peace of mind and free up your time to focus on growing your venture.
Consequences of Not Complying with Companies Act Law
The law is transparent, so if companies fail to comply with the requirements set in the Companies Act 2006, every officer is committing an offence. Everyone found guilty of this offence, including the company director, will likely have to pay a fine, though more severe penalties (such as criminal) can be given as well.
While the last thing you want is to be found in non-compliance with these rules, there are ways to avoid it. Keeping on top of all records is crucial, and so is ensuring that all corporate duties are handled with expertise.
Whether you’re a new business or a well-established company, by outsourcing Cosec services to CRO, you can rest easy knowing that our experience will save you time and hassle – and, of course, money.
Using Direct Cosec Services with CRO
We don’t just provide an online company registration service. We also ensure that all secretarial duties are met, and your company follows the law when it comes to minutes and registers.
Not only can you avoid penalties this way, but you’ll also have all documentation in order without having to spend time going over the paperwork (or struggling to learn all the admin requirements you must comply with).
Cosec services will even provide you with ongoing support, so you’re never left in the lurch no matter what, especially when it comes to board-level support.
In addition, with CRO:
- You get meeting minutes services that help you to stay compliant.
- You can benefit from direct Cosec services and Cosec management services that save you time and ensure everything is in order.
- You get standard forms that are filled out correctly and submitted to the Registrar of Companies.
- You don’t have to worry about meeting all your director duties, as we’ll handle that and leave you to run your business instead.
- We’ll record changes to directors and shareholders in the correct manner, including in minutes, so that you remain compliant.
- You’ll meet all key deadlines.
These are just some of the things we can do for you, and we’re more than happy to talk to you about everything we have to offer at CRO. Our professional team has many years of experience helping companies manage their duties and responsibilities, helping them minimise the risk of non-compliance and ensuring that they follow best practices at all times.