First introduced in 2005, Community Interest Companies are limited companies run for the benefit of the community, not merely for profit. CICs are regulated via a ‘community interest test’ and ‘asset lock’ to ensure that they are run appropriately.
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companies house
Companies House has embarked on a series of upgrades to its online WebFiling facility, and is inviting feedback from members of the public on how appealing its new forms are.
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The Companies Act 2006 has codified rules which govern where and when you must display your limited company details – both physically, and also when using electronic communications. The 2002 E-Commerce Regulations also contain rules for displaying company information online.
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If your limited company makes a dividend declaration, you must record the fact in the company records, and in most cases provide each shareholder with a dividend voucher.
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Since 1st October 2009, company directors can supply a ‘service address’ to Companies House as well as their residential address. To provide extra privacy to those who require it, only directors’ service addresses appear on the public record.
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When you become a director of a limited company, you are entrusted with a number of responsibilities and duties, to ensure that you run the company properly, and comply with company law and a wide range of rules and regulations which cover everything from paying your tax on time, to how you treat any employees.
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