ACCA LW ^Eng Syllabus D. The Formation And Constitution Of Business Organisations - Describe The Records That Companies Must Keep - Notes ^{3 / 6}

Register of members
Register of people with significant control (PSC)
Records of directors (and secretaries)
Register of directors' residential addresses
Records of directors' service contracts and indemnities
Records of resolutions and meetings of the company
Register of debenture holders
Register of disclosed interests in shares (public Co's only)

The Register of people with significant control (PSC) contains info on individuals who:

1) Own / control 25%+ of the voting rights or who exercise
2) Exercise control in other ways (eg ability to remove directors)

The info is name, DoB, nationality, address and details of their interest in the company

It is available for public inspection and is updated each year in the Conformation Statement (see below)

A company must submit the following annually to the Registrar:

1. Accounts within 6 (PLC) or 9 (LTD) months of year end

2. An annual confirmation statement

   This keeps the registrar informed about changes to the company such as changes to: 

   Membership
   Share capital (number and type)
   Registered office address
   Principal Business Activity
   Changes to the Register of PSC (above)
   Directors and Secretary