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Extra info for 501 Questions and Answers for Company Secretaries and Company Directors, Second Edition

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On application from you they will change the name (if required), the registered office, and the directors. They will also make any other required changes. Unless something out of the ordinary is wanted the whole thing should cost less than a hundred pounds, plus the amount paid for the shares of course. 12. Is it possible to change a company’s form of registration? A company with a share capital still cannot re-register as a company limited by guarantee, and a company limited by guarantee still cannot re-register as a company with a share capital.

It is not subject to regulation by the Charity Commission or the charitable jurisdiction of the High Court. 23. What sort of companies might be community interest companies? A Community Interest Company is a non-profit distributing enterprise, but it is not an option for a registered charity or a political party. It may, for example, be suitable for businesses operating in such areas as childcare, social housing, leisure and community transport. The special characteristics of the CIC are intended to make it a particularly suitable vehicle for some types of social enterprise – essentially, those that wish to work for community benefit within the relative freedom of the non-charitable company form, but with a clear assurance of non-profit-distribution status.

Public companies must hold annual general meetings. It is optional in private companies. • Public companies must have at least two directors. If permitted by their articles (which Table A does not), a private company may have a sole director. • Written resolutions of the members are only available to private companies. • 5. There are different model articles. Can a company start trading (or operating) as soon as it has been registered? A private company can start trading (or operating) immediately.

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