Disqualification of Directors - Costs of Company Formation - UK Registration Services

Disqualification of directors 

It is rare to find direct or substantive restrictions on incorporation in the UK. If particular individual's are judged unfit or incapable of undertaking the role and responsibilities of a company director or shadow director, some restrictions may arise. For the duration of the individuals disqualification, there is no possibility for them to use the corporate form.

The effectiveness of the disqualification is doubtful regarding the screening out of incompetent directors or stopping misconduct. In practice, SME's are generally affected by director disqualification. However, disqualification does not mean that the owners cannot resume business as sole traders or under the form of an unincorporated business.

Directors do not always understand the complex procedures surrounding disqualification. Suggestions have been made that the most effective policy should be to find unfit directors of bigger companies and to let cases regarding the self-employed sector be seen as less appropriate unless it is a more serious case. 

1. Forming A Company Just Became Easier

2. Statutory Requirements For New Companies

• Issue and Allotment of Shares
• Transfer of Shares
• Dividends
• Company Meetings
• Company Notices
• Directors Meetings
• Single Member Companies

3. Non Profit Organisations

• Options for incorporated not-for-profit organisations
• Companies House Coding System
• Non s30 companies
• Royal Charter
• Charitable Companies

4. Company Directors and Secretaries

• An introduction to limited companies
• Role and duties of a company director
• Role and duties of a company secretary
• What you have to send to Companies House
• Quality of company documents
• Further information

5. Annual Returns

• Completing an annual return
• Completing the shuttle annual return Form 363s

6. Accounts and Accounting Reference Dates

• Accounting reference dates
• Submitting accounts to Companies House
• What if the accounts are delivered late?
• Small and medium sized companies accounts submission
• Very small company audit exemptions
• Audit exemptions and accounts to shareholders
• Exemption from audits for dormant companies
• What happens if my company starts trading again?
• Partnership accounts

7. Company Auditors

• Appointment of auditors
• Dormant company audit exemption
• What and who are recognised supervisory bodies?
• Removal of auditors

8. Share Capital and Prospectuses

• Share capital
• What is issued capital?
• Non-cash payments?
• Are there different types of shares?
• Can class rights be amended?
• Redemption and purchase of own shares?
• Prospectuses and listing particulars

9. Late Filing Penalties

• Late filing penalties
• Late filing penalties need not be necessary
• Once a late filing penalty has been imposed
• Further information

10. The Costs and Benefits of Company Registration

• Company Formation Introduction
• Costs and benefits of limited liability
• Restrictions and costs of setting up a company I
• Restrictions and costs of setting up a company II
• Restrictions and costs of setting up a company III
• Restrictions and costs of setting up a company IV
• The registration of company names
• The company’s constitution and the ultra vires rule
• Summary and conclusions