Describe The Procedure For Registering Companies

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A company is formed when it is issued with a Certificate of Incorporation from Registrar: The following documents must go to the Registrar of Companies House first:

Document Description
Memorandum of Association Historic record of initial subscribers
Application for registration Name, address, members' liability & company type
Section 9 documents Share capital and initial shareholdings
Statement of compliance Statutory declaration of compliance
£20 Registration Fee

In order to form a plc theres more needed - A Trading Certificate - which needs:

to apply for a trading certificate which requires submission of the following evidence:

  • Allotted share capital is at least £50,000

  • £12,500 of which must be paid up

  • Details of promoters expenses

  • A statement of compliance regarding payment of nominal values and share premium

What if a PLC trades without the necessary documentation?

The transactions are still valid however 
The company and its directors are punishable by a fine

After 12 months the company may be compulsorily wound-up and the veil of incorporation lifted.

"Off-The-Shelf" Companies

Here enterprises register a stock of companies and make them ready for sale

This enterprise will be the first secretary and director - however on sale - the registrar is informed of their resignation

So with no need for all the registration docs - its much easier

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