PSC Register - The Law is changing for ALL Companies incorporated in the UK!
You are affected if you are either;
- A UK incorporated company (including dormant companies, companies limited by shares, companies limited by guarantee and unlimited companies)
- A Societates Europaeae (SEs)
- A Limited Liability Partnerships (LLPs)
What’s happening?
From 6 April 2016, companies will be required to keep a register of People who have Significant Control (PSC) within a company. What’s more is that from 30 
June 2016, details of all PSCs will need to be registered at Companies House on the form succeeding the Annual Return. The purpose of this is so that the UK can increase its transparency over who owns and runs our companies.
With this deadline soon arriving, companies will need to take action immediately to compile their PSC register and make it available for inspection on request at the company’s registered office.
Failure to provide accurate information on the PSC register and failure to comply with any notices requiring an individual to provide information are criminal offences which could result in a fine or prison sentence of up to two years.
If you are a Company and would like advice on the new regulations or any of our other services – speak to Roy Colaba in our Company and Commercial Department on 0121 698 2200.
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