Our view - October 2008
With the 1 October deadline now here I thought it would be helpful in this update just to remind you of the key changes that have taken effect
- Corporate directors. Any company with just corporate directors must appoint an individual to the board before 1 October 2008, unless the company can take advantage of the 8 November 2006 exemption. See our summary for more detail if this affects you. If you are struggling to find an individual to join the board, you may find our director services of interest.
- Trading disclosures. The new rules for displaying the company name at the registered office have come into force. Do you have your displays ready? Read more about this.
- Directors' conflicts and disclosure of interests in shares. Find out more about these changes.
For an overview of the other provisions coming into force, read our summary.
Last month I promised further details of the new 'do-it-yourself' reduction of share capital process in this bulletin. You can read more about this here.
Finally, some advance notice of changes being made to the late filing penalty regime next February. If you are in arrears with filing your accounts, this could be the incentive to get those accounts finalised and filed.
Group Chief Solicitor
Jordans
