Part 1 Companies etc (ss. 1-107)

This format of the bill is taken from the text of stage 1st reading published on 22 September 2022 by House of Commons

	The registrar of companies (s. 1)
	1 The registrar's objectives
	Company formation (ss. 2-7)
	2 Memorandum of association: names to be included
	2 Statement as to lawful purposes
	3 Information about subscribers
	4 Proposed officers: identity verification
	5 Proposed officers: disqualification
	6 Persons with initial significant control: disqualification
	7 Persons with initial significant control: identity verification
	Company names (ss. 8-22)
	8 Names for criminal purposes
	9 Names suggesting connection with foreign governments etc
	10 Names containing computer code
	11 Prohibition on re-registering name following direction
	12 Prohibition on using name that another company has been directed to change
	13 Directions to change name: period for compliance
	14 Requirements to change name: removal of old name from public inspection
	15 Objections to company's registered name
	16 Misleading indication of activities
	17 Direction to change name used for criminal purposes
	18 Direction to change name wrongly registered
	19 Registrar's power to change names containing computer code
	20 Registrar's power to change company's name for breach of direction
	21 Sections 19 and 20: consequential amendments
	22 Company names: exceptions based on national security etc
	Business names (ss. 23-27)
	23 Use of name suggesting connection with foreign governments etc
	24 Use of name giving misleading indication of activities
	25 Use of name that a company has been required to change
	26 Use of name that another company has been required to change
	27 Use of names: exceptions based on national security etc
	Registered offices (s. 28)
	28 Registered office: appropriate address
	29 Registered office: rectification of register
	Registered email addresses (ss. 29-30)
	29 Registered email addresses etc
	30 Registered email addresses: transitional provision
	Disqualification in relation to companies (ss. 31-39)
	31 Disqualification for persistent breaches of companies legislation: GB
	32 Disqualification for persistent breaches of companies legislation: NI
	33 Disqualification on summary conviction: GB
	34 Disqualification on summary conviction: NI
	35 Power to impose director disqualification sanctions
	36 Disqualification of persons designated under sanctions legislation: GB
	37 Section 36: application to other bodies
	38 Disqualification of persons designated under sanctions legislation: NI
	39 Section 38: application to other bodies
	Directors (ss. 40-45)
	40 Disqualified directors
	41 Section 40: amendments to clarify existing corresponding provisions
	41 Consequence of breaching prohibition on acting as director: GB
	42 Repeal of power to require additional statements
	42 Consequence of breaching prohibition on acting as director: Northern Ireland
	43 Prohibition on director acting unless ID verified
	44 Prohibition on acting unless directorship notified
	45 Registrar's power to change a director's service address
	Register of members (ss. 46-50)
	46 Register of members: information to be included and powers to obtain it
	47 Register of members: power to amend required information
	47 Additional ground for rectifying the register of members
	48 Register of members: protecting information
	49 Register of members: removal of option to use central register
	50 Membership information: one-off statement
	Registration of directors, secretaries and persons with significant control (ss. 51-52)
	51 Abolition of local registers etc
	52 Protection of date of birth information
	Accounts and reports (ss. 53-57)
	Accounts and reports (ss. 53-58)
	53 Filing obligations of micro-entities
	54 Filing obligations of small companies other than micro-entities
	55 Sections 53 and 54: consequential amendments
	56 Use or disclosure of profit and loss accounts for certain companies
	57 Statements about exemption from audit requirements
	58 Removal of option to abridge Companies Act accounts
	Confirmation statements (ss. 59-62)
	59 Confirmation statements
	60 Duty to confirm lawful purposes
	61 Duty to notify a change in company's principal business activities
	62 Confirmation statements: offences
	Identity verification (ss. 63-68)
	63 Identity verification of persons with significant control
	64 Procedure etc for verifying identity
	64 General exemptions from identity verification: supplementary
	65 Authorisation of corporate service providers
	66 Exemption from identity verification: national security grounds
	67 Allocation of unique identifiers
	68 Identity verification: material unavailable for public inspection
	Striking off and restoration to the register (s. 69-70)
	69 Registrar's power to strike off company registered on false basis
	70 Requirements for administrative restoration
	Who may deliver documents (ss. 71-73)
	71 Delivery of documents: identity verification etc
	72 Disqualification from delivering documents
	73 Proper delivery: requirements about who may deliver documents
	Facilitating electronic delivery (ss. 74-77)
	74 Delivery of documents by electronic means
	75 Delivery of order confirming reduction of share capital
	76 Delivery of statutory declaration of solvency
	77 Registrar's rules requiring documents to be delivered together
	Promoting the integrity of the register (ss. 78-86)
	78 Power to reject documents for inconsistencies
	79 Informal correction of document
	80 Preservation of original documents
	81 Records relating to dissolved companies etc
	82 Power to require additional information
	83 Registrar's notice to resolve inconsistencies
	84 Administrative removal of material from the register
	85 Rectification of the register under court order
	86 Power to require businesses to report discrepancies
	Inspection etc of the register (ss. 87-90)
	87 Inspection of the register: general
	88 Copies of material on the register
	89 Material not available for public inspection
	90 Protecting information on the register
	Registrar's functions and fees (ss. 91-92)
	91 Analysis of information for the purposes of crime prevention or detection
	92 Fees: costs that may be taken into account
	Information sharing and use (ss. 93-96)
	93 Disclosure of information
	94 Use or disclosure of directors' address information by companies
	95 Use or disclosure of PSC information by companies
	96 Use of directors' address information by registrar
	Overseas companies (ss. 97-100)
	97 Change of addresses of officers of overseas companies by registrar
	98 Overseas companies: availability of material for public inspection etc
	99 Registered addresses of an overseas company
	100 Overseas companies: identity verification of directors
	General offences and enforcement (ss. 101-103)
	101 General false statement offences
	102 False statement offences: national security etc defence
	103 Financial penalties
	102 Financial penalties and directors' disqualification: GB
	103 Financial penalties and directors' disqualification: NI
	Rectification of addresses and service of documents (ss. 104-107)
	104 Registered office: rectification of register
	105 Rectification of register: service addresses
	106 Rectification of register: principal office addresses
	107 Service of documents on people with significant control

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Table of Contents

Document Overview

Part 1 Companies etc (ss. 1-107)