New Companies
H
New Companies
CH
the form of articles of association for an unlimited company or a company limited by shares must be the table relevant to that class of company (either Table C, D or E), or as near to that form as circumstances permit.
Tables will be found in Statutory Instrument 1985 No.805, which is available from HMSO bookshops.
form 10 this document discloses particulars of the first director(s) and secretary and gives the intended situation of the registered office. It will include the names and addresses of the first director(s) and their dates of birth, nationalities, occupations and details of directorships held within the last five years. It will also give the name and address of the first company secretary and the address of the registered office. Any one or more persons may form a private limited company. However a company must have at least one director and a company secretary when it is incorporated. The same person cannot be both sole director and company secretary;
and
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form 12 this is a statutory declaration of compliance with all the legal requirements relating to the incorporation of a company. It is made by a solicitor engaged in the formation of the company, or by one of the persons named as a director or the company secretary. It must be signed in the presence of a commissioner for oaths, or a notary public, or a justice of the peace, or a solicitor having the powers conferred on a commissioner for oaths. Form 12 must not be dated any earlier than any of the other documents.
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The Registrar retains documents delivered to him for incorporation of a company. If you wish to retain copies of these documents you are therefore advised to take these copies prior to delivery.
HOW MUCH WILL IT COST?
There is a standard registration fee of £50. Cheques and postal orders should be made payable to Companies House.
IS THERE MORE THAN ONE TYPE OF COMPANY? Yes. There are four main types of company:
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a private company limited by shares where the company's liability is limited to the amount of share capital its members have agreed to pay;
a private company limited by guarantee - where the company's liability is limited to the amount its members have undertaken to contribute
to the company's assets if it is wound up;
a private unlimited company - where there is no limit to its members' liability;
and
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a public company
which must have a share capital of at least £50,000 (the authorised minimum) at the time of incorporation.
CAN I CHOOSE ANY NAME I WANT FOR MY COMPANY? Unfortunately you will not always be able to have the name you want for your company. There are a number of regulations that apply when a company name is chosen. The booklet (CHN2) "Choosing a Company Name", available from Companies House, is a brief explanation of how those regulations affect the name you choose.
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