Changes to Companies Act?
Discussion
Just received this from a client - anyone heard of this?
We recently received the following from a direct marketing company:
Re: Companies Act Regulations as of January 1st 2007
Under Government Legislation introduced on 1st January 2007 companies in the UK must include certain regulatory information on their Websites and in the Email footers. Failure to do so is a breach of the Companies Act 1985, and you could be liable to a substantial fine for authorising the issuance of a non-compliant document.
Many thanks in advance
We recently received the following from a direct marketing company:
Re: Companies Act Regulations as of January 1st 2007
Under Government Legislation introduced on 1st January 2007 companies in the UK must include certain regulatory information on their Websites and in the Email footers. Failure to do so is a breach of the Companies Act 1985, and you could be liable to a substantial fine for authorising the issuance of a non-compliant document.
Many thanks in advance
This is from Companies House website, there's more there if you can stay awake.
I had to read it as a client asked me about the changes.
2. On which documents must the company name be shown?
As from 1 st January 2007 whether in hard copy, electronic or any other form - The company must state its name, in legible lettering, on the following:
all the company's business letters, order forms;
all its notices and other official publications;
all bills of exchange, promissory notes, endorsements, cheques and orders for money or goods purporting to besigned by, or on behalf of, the company;
all its bills of parcels, invoices, receipts and letters of credit
on all its websites
3. Must the company show any other details?
Yes. On all its business letters and order forms (whether in hard copy, electronic or any other form) or any of the company's websites, the company must show in legible lettering:
Its place of registration and its registered number. The place of registration must be one of the following, as appropriate:
For companies registered
in England and Wales: For companies registered
in Scotland:
Registered in Cardiff Registered in Scotland
Registered in England and Wales Registered in Edinburgh
Registered in England
Registered in London
Registered in Wales
The address of the registered office. If a business letter or order form or any of the company’s websites, mentions more than one address, it is recommended that you state which is the registered office address.
I had to read it as a client asked me about the changes.
2. On which documents must the company name be shown?
As from 1 st January 2007 whether in hard copy, electronic or any other form - The company must state its name, in legible lettering, on the following:
all the company's business letters, order forms;
all its notices and other official publications;
all bills of exchange, promissory notes, endorsements, cheques and orders for money or goods purporting to besigned by, or on behalf of, the company;
all its bills of parcels, invoices, receipts and letters of credit
on all its websites
3. Must the company show any other details?
Yes. On all its business letters and order forms (whether in hard copy, electronic or any other form) or any of the company's websites, the company must show in legible lettering:
Its place of registration and its registered number. The place of registration must be one of the following, as appropriate:
For companies registered
in England and Wales: For companies registered
in Scotland:
Registered in Cardiff Registered in Scotland
Registered in England and Wales Registered in Edinburgh
Registered in England
Registered in London
Registered in Wales
The address of the registered office. If a business letter or order form or any of the company’s websites, mentions more than one address, it is recommended that you state which is the registered office address.
Just to let you know -
the new Companies Act was put forward as an opportunity to "simplify" company regulations. The government made this a priority item when the came to office in 1997.
Ten years on, the act is just beginning to be implimented and, what's more, this act has turned out to be the largest and most complex piece of legislation EVER approved by the House of Commons. It is so huge that it is being brought in piecemeal and will probably take two or three years to fully pass through the legislative process.
How's that for "cutting red tape"?
the new Companies Act was put forward as an opportunity to "simplify" company regulations. The government made this a priority item when the came to office in 1997.
Ten years on, the act is just beginning to be implimented and, what's more, this act has turned out to be the largest and most complex piece of legislation EVER approved by the House of Commons. It is so huge that it is being brought in piecemeal and will probably take two or three years to fully pass through the legislative process.
How's that for "cutting red tape"?
Does anyone have a list of the equivalent provisions for the various exemptions that go on dormant or abbreviated accounts? I have been doing these myself for a couple of years but I need to pick up on the current section numbers for some more accounts due this year.
Anyone know what the current references are?
Anyone know what the current references are?
cccs said:
2. On which documents must the company name be shown?
As from 1 st January 2007 whether in hard copy, electronic or any other form - The company must state its name, in legible lettering, on the following:
all the company's business letters, order forms;
all its notices and other official publications;
all bills of exchange, promissory notes, endorsements, cheques and orders for money or goods purporting to besigned by, or on behalf of, the company;
all its bills of parcels, invoices, receipts and letters of credit
on all its websites
3. Must the company show any other details?
Yes. On all its business letters and order forms (whether in hard copy, electronic or any other form) or any of the company's websites, the company must show in legible lettering:
Its place of registration and its registered number. The place of registration must be one of the following, as appropriate:
So how is an everyday email defined - would that be regarded as a 'business letter'?
I think the essential details are the company's name (as listed at Companies House) and the company number (as listed at Companies House).
Up to now, it has not always been obvious what business entity one was dealing with when looking at websites. Indeed, it wasn't always clear in what country the website was operating from.
Up to now, it has not always been obvious what business entity one was dealing with when looking at websites. Indeed, it wasn't always clear in what country the website was operating from.
Interesting! I had believed (mistakenly?) that it was always* the case that name and registration details were required on letterhead and anything similar (e.g. website) and have regularly picked up companies where they are failing to put that they are "registered in England and Wales" or whatever.
In what way is this new?
*well "always" in the sense of from Companies Act of 1985 or previoous legislation...
I read about this a month ago on the BT website but can't find it now. It said also about having a sign up at your business premises which I thought was always the case but with an increasing amount of businesses being run from home in effect you would have to display a sign outside your house if that was your company's registered office.
I knew you had to put your registered office and number on your website but didn't realise on emails as well. I read one of the reasons why the registered office needs to be on websites etc. is because that is the place where court papers have to be served
I knew you had to put your registered office and number on your website but didn't realise on emails as well. I read one of the reasons why the registered office needs to be on websites etc. is because that is the place where court papers have to be served
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