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Disclosure of beneficial ownership

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Henderson v Henderson considered in context of unfair prejudice proceedings (Taylor Goodchild Ltd v Taylor and Scott Taylor Law Ltd)

Henderson v Henderson considered in context of unfair prejudice proceedings (Taylor Goodchild Ltd v Taylor and Scott Taylor Law Ltd)

The following Corporate news provides comprehensive and up to date legal information on Henderson v Henderson considered in context of unfair prejudice proceedings (Taylor Goodchild Ltd v Taylor and Scott Taylor Law Ltd)

Market Tracker daily deal round-up

Market Tracker daily deal round-up

The following Corporate news provides comprehensive and up to date legal information on Market Tracker daily deal round-up

Corporate weekly highlights—29 July 2021

Corporate weekly highlights—29 July 2021

The following Corporate news provides comprehensive and up to date legal information on Corporate weekly highlights—29 July 2021

Market Tracker weekly highlights—29 July 2021

Market Tracker weekly highlights—29 July 2021

The following Corporate news provides comprehensive and up to date legal information on Market Tracker weekly highlights—29 July 2021

Featured Corporate content

Scrip dividends

Scrip dividends

Scrip dividendsCoronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, the London Stock Exchange released a notice to give companies...

Share certificates

Share certificates

Share certificatesShares in a company can be issued as certificated shares or uncertificated shares.Shares issued by private companies and unlisted...

De facto and shadow directors

De facto and shadow directors

De facto and shadow directorsDefinition of 'director'The Companies Act 2006 (CA 2006) broadly defines a director as 'any person occupying the position...

Comfort letters in a US IPO

Comfort letters in a US IPO

Comfort letters in a US IPOThis Practice Note provides an overview of the purpose, content and scope of a comfort letter prepared by the auditors of a...

Q&As

What is the definition of body corporate as used in s 1159 of the Companies Act 2006?

What is the definition of body corporate as used in s 1159 of the Companies Act 2006?Section 1159 of the Companies Act 2006 (CA 2006), for the...
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19th May
Practice notes

Companies limited by guarantee

Companies limited by guaranteeWhat is a company limited by guarantee?Limited companies can be either limited by shares or by guarantee. A company...
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19th May
Practice notes

A company’s constitution

A company’s constitutionWhat is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as...
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19th May
Practice notes

Co-operative and community benefit societies

Co-operative and community benefit societiesWhat is a co-operative or community benefit society?A co-operative society or community benefit society...
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19th May
Practice notes

AIM Rules for Companies—Rules 12, 13, 14, 15 and 16—disclosure of corporate transactions

AIM Rules for Companies—Rules 12, 13, 14, 15 and 16—disclosure of corporate transactionsThis Resource Note outlines the main provisions of Rules 12,...
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19th May
Precedents

Anti-embarrassment clause—share purchase agreement

Definitions Delete the existing definition of ‘Consideration’ in Precedent: Share purchase agreement—pro-buyer—corporate...
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19th May
Practice notes

The Quoted Companies Alliance (QCA) Corporate Governance Code

The Quoted Companies Alliance (QCA) Corporate Governance CodeThe Quoted Companies Alliance (QCA) is an independent membership organisation that...
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19th May
Practice notes

Disclosure Guidance and Transparency Rules requirements—the annual financial report

Disclosure Guidance and Transparency Rules requirements—the annual financial reportThis Practice Note discusses the requirements of the Disclosure...
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Produced in partnership with Tessa Park of Moore Kingston Smith 19th May
Q&As

Can the board of a co-operative and community benefit society (a registered society) delegate powers to any third party, and can the registered society grant a power of attorney to a third party to execute documents on its behalf?

Can the board of a co-operative and community benefit society (a registered society) delegate powers to any third party, and can the registered...
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19th May
Practice notes

Tailoring a shelf company

Tailoring a shelf companyA person wishing to set up a new company has the following options:•they can incorporate a new company in accordance with the...
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19th May
Practice notes

Alternate directors

Alternate directorsThis Practice Note considers the appointment and removal of alternate directors, their status, powers, duties and liabilities and...
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19th May
tag iconIn-house
Practice notes

Sub-division and consolidation of shares

Sub-division and consolidation of sharesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period...
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19th May
Practice notes

The unquoted companies regime

The unquoted companies regimeThe rules governing annual accounts and reports of unquoted companies are set out in:•Part 15 of the Companies Act 2006...
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19th May
Practice notes

Break fees—share purchase

Break fees—share purchaseThe nature and purpose of break feesBreak fees are generally designed to compensate one party’s legal and professional costs...
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19th May
Precedents

Subscription letter—shares

The Directors[insert company name][insert company address][insert date]Dear Directors,[insert company name] Limited (the Company)[I, OR We,][insert...
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19th May
Q&As

Is it possible to make a manuscript amendment to the consideration clause of a stock transfer form after signature?

Is it possible to make a manuscript amendment to the consideration clause of a stock transfer form after signature?The correct process to be followed...
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19th May

Most recent Disclosure of beneficial ownership content

Q&As

Where a statutory corporation is a holding company and a subsidiary below it is a limited company, would the statutory corporation need to appear on a PSC register of the subsidiary limited company or does it fall outside of the requirements/guidance?

Where a statutory corporation is a holding company and a subsidiary below it is a limited company, would the statutory corporation need to appear on a...
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1st Aug
Q&As

How do the rules in relation to indirect interests and majority control operate when investigating the owners of non-registrable entities under the PSC regime?

How do the rules in relation to indirect interests and majority control operate when investigating the owners of non-registrable entities under the...
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1st Aug
Q&As

Is an organisation formed by Royal Charter required to maintain its own PSC register?

Is an organisation formed by Royal Charter required to maintain its own PSC register? A Royal Charter corporation has all the powers of a natural...
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1st Aug
Q&As

Are legal advisors obliged to respond to people with significant control information request notices under section 790D(5) of the Companies Act 2006?

Are legal advisors obliged to respond to people with significant control information request notices under section 790D(5) of the Companies Act...
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1st Aug
Q&As

What is the rule on joint arrangements in the context of the PSC register?

What is the rule on joint arrangements in the context of the PSC register?The rule on joint arrangements is set out in Schedule 1A, Part 3, paras...
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31st Jul
Q&As

What are the new reporting deadlines under the PSC regime?

What are the new reporting deadlines under the PSC regime?As a result of the Information about People with Significant Control (Amendment) Regulations...
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31st Jul
Q&As

Does an option to acquire more than 25% of the issued share capital of a company make the option holder a person with significant control prior to exercise?

Does an option to acquire more than 25% of the issued share capital of a company make the option holder a person with significant control prior to...
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31st Jul
Q&As

What are the registration requirements for the PSC register of UK company A, where all of the shares of UK company A are held by an unlisted overseas company B and where the shareholders of overseas company B are either: (i) individuals resident either in the UK or overseas, or (ii) another corporate entity registered either in the UK or overseas?

What are the registration requirements for the PSC register of UK company A, where all of the shares of UK company A are held by an unlisted overseas...
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31st Jul
Q&As

What should be entered in the PSC register of a UK private limited company where the shares are held by an individual via a Dutch foundation entity or Stichting Administratie Kantoor (StAK)? What are the obligations of the company (and the individual) if the Dutch entity refuses to supply details of its investors?

What should be entered in the PSC register of a UK private limited company where the shares are held by an individual via a Dutch foundation entity or...
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31st Jul
Q&As

Might a lender holding a legal mortgage (or Scottish pledge) of shares be a PSC?

Might a lender holding a legal mortgage (or Scottish pledge) of shares be a PSC?Might a lender holding a legal mortgage (or Scottish pledge) of shares...
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Produced in partnership with XXIV Old Buildings 31st Jul
tag iconScottish Law
Q&As

How are charities handled under the PSC regime?

How are charities handled under the PSC regime?The two main categories of entity that should be recorded on a PSC register are registrable individuals...
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31st Jul
Q&As

Scottish partnerships—how are investment structures handled within the PSC regime?

Scottish partnerships—how are investment structures handled within the PSC regime?Partnerships formed under the law of Scotland have distinct legal...
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31st Jul
tag iconScottish Law
Q&As

What format is prescribed for the PSC register?

What format is prescribed for the PSC register?The people with significant control (PSC) regime applies to UK incorporated companies limited by shares...
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31st Jul
Q&As

Should the personal representatives of a deceased shareholder be entered into a company's PSC register?

Should the personal representatives of a deceased shareholder be entered into a company's PSC register?The two main categories of entity that should...
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31st Jul
Q&As

If a UK company is a wholly owned subsidiary of a chain of companies that do not qualify as relevant legal entities and the ultimate owner is an overseas state then what should be entered on the PSC register?

If a UK company is a wholly owned subsidiary of a chain of companies that do not qualify as relevant legal entities and the ultimate owner is an...
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31st Jul
Q&As

Do you have a template register for people with significant control?

Do you have a template register for people with significant control?We have a number of materials available within Disclosure of beneficial...
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31st Jul
Q&As

What details should a company record in the PSC register?

What details should a company record in the PSC register?A company’s people with significant control (PSC) register must never be empty. The company...
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31st Jul
Q&As

What date should be entered into the PSC register following an allotment of shares to an individual? Should it be the date of allotment, or, if different, the date when the shares are actually issued (when the details of the individual are entered into the register of members)?

What date should be entered into the PSC register following an allotment of shares to an individual? Should it be the date of allotment, or, if...
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31st Jul
Q&As

How might an individual’s usual residential address appear on the public record at Companies House?

How might an individual’s usual residential address appear on the public record at Companies House?In the absence of making an application for...
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31st Jul
Q&As

What are the requirements of the people with significant control (PSC) regime in the period between execution of a share transfer agreement and registration of the new holder of the shares in the register of members?

What are the requirements of the people with significant control (PSC) regime in the period between execution of a share transfer agreement and...
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31st Jul

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Dawn raid—who can raid my organisation and why?

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