C32Part 24A company's annual return

Annotations:
Modifications etc. (not altering text)

C4C5C6C34854C1C2C3Duty to deliver annual returns

1

Every company must deliver to the registrar successive annual returns each of which is made up to a date not later than the date that is from time to time the company's return date.

2

The company's return date is—

a

the anniversary of the company's incorporation, or

b

if the company's last return delivered in accordance with this Part was made up to a different date, the anniversary of that date.

3

Each return must—

a

contain the information required by or under the following provisions of this Part, and

b

be delivered to the registrar within 28 days after the date to which it is made up.

C7C8C9I1C10C11C12C34855Contents of annual return: general

1

Every annual return must state the date to which it is made up and contain the following information—

a

the address of the company's registered office;

b

the type of company it is and its principal business activities;

c

F1the required particulars (see section 855A) of—

i

the directors of the company, and

ii

in the case of a private company with a secretary or a public company, the secretary or joint secretaries;

F2d

if any company records are (in accordance with regulations under section 1136) kept at a place other than the company's registered office, the address of that place and the records that are kept there;

f

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

The information as to the company's type must be given by reference to the classification scheme prescribed for the purposes of this section.

3

The information as to the company's principal business activities may be given by reference to one or more categories of any prescribed system of classifying business activities.

F44

In this Part—

  • F5 “ DTR5 issuer ” means an issuer to which Chapter 5 of the Disclosure Rules and Transparency Rules sourcebook F6 made by the Financial Conduct Authority applies;

  • “ relevant market ” means any of the markets mentioned in article 4(1) of the Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001 F7 ; and

  • “ return period ”, in relation to an annual return, means the period beginning immediately after the date to which the last return was made up (or, in the case of the first return, with the incorporation of the company) and ending with the date to which the return is made up; F8 . . .

  • F8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C13C14C34 855A F21Required particulars of directors and secretaries

1

For the purposes of section 855(1)(c) the required particulars of a director are—

a

where the director is an individual, the particulars required by section 163 to be entered in the register of directors (subject to subsection (2) below); and

b

where the director is a body corporate or a firm that is a legal person under the law by which it is governed, the particulars required by section 164 to be entered in the register of directors.

2

The former name of a director who is an individual is a required particular in relation to an annual return only if the director was known by the name for business purposes during the return period.

3

For the purposes of section 855(1)(c)(ii) the required particulars of a secretary are—

a

where a secretary is an individual, the particulars required by section 277 to be entered in the register of secretaries (subject to subsection (4) below); and

b

where a secretary is a body corporate or a firm that is a legal person under the law by which it is governed, the particulars required by section 278(1) to be entered in the register of secretaries.

4

The former name of a secretary who is an individual is a required particular in relation to an annual return only if the secretary was known by the name for business purposes during the return period.

5

Where all the partners in a firm are joint secretaries, the required particulars are the particulars that would be required to be entered in the register of secretaries if the firm were a legal person and the firm had been appointed secretary.

I2C15C16C17C18C19C34856Contents of annual return: information about F9shares and share capital F10. . .

F111

  The annual return of a company having a share capital must also contain the following information.

1A

  The return must contain a statement of capital.

2

The statement of capital must state with respect to the company's share capital at the date to which the return is made up—

a

the total number of shares of the company,

b

the aggregate nominal value of those shares,

c

for each class of shares—

i

F12the voting rights attached to the shares,

ii

the total number of shares of that class, and

iii

the aggregate nominal value of shares of that class, and

d

the amount paid up and the amount (if any) unpaid on each share (whether on account of the nominal value of the share or by way of premium).

F132A

  The annual return must also state whether any of the company's shares were, at any time during the return period, shares admitted to trading on a relevant market or on any other market which is outside the United Kingdom.

2B

  If any of the company's shares were shares admitted to trading as mentioned in subsection (2A), the annual return must also state whether both of the following conditions were satisfied throughout the return period—

a

there were shares of the company which were shares admitted to trading on a relevant market;

b

the company was a DTR5 issuer.

3

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C20C34 856A F22Contents of annual return: information about shareholders: non-traded companies

F161

  This section applies to the annual return of a company none of whose shares were, at any time during the return period, shares admitted to trading on a relevant market or on any other market which is outside the United Kingdom.

2

The return must F17also contain the name (as it appears in the company's register of members) of every person who was a member of the company at any time during the return period. The return must conform to the following requirements for the purpose of enabling the entries relating to any given person to be easily found—

a

the entries must be listed in alphabetical order by name; or

b

the return must have annexed to it an index that is sufficient to enable the name of the person in question to be easily found.

3

The return must also state—

a

the number of shares of each class held at the end of the date to which the return is made up by each person who was a member of the company at that time,

b

the number of shares of each class transferred during the return period by or to each person who was a member of the company at any time during that period, and

c

the dates of registration of those transfers.

4

If either of the two immediately preceding returns has given the full particulars required by subsections (2) and (3), the return need only give such particulars as relate—

a

to persons who became, or ceased to be, members during the return period, and

b

to shares transferred during that period.

C21C34 856B F18Contents of annual return: information about shareholders: certain traded companies

(1)  This section applies to the annual return of a company any of whose shares were, at any time during the return period, shares admitted to trading on a relevant market or on any other market which is outside the United Kingdom. (2)  But this section does not apply to the annual return of a company if throughout the return period—

a

there were shares of the company which were shares admitted to trading on a relevant market, and

b

the company was a DTR5 issuer.

(3)  The annual return of a company to which this section applies must also state, in respect of each person who held at least 5% of the issued shares of any class of the company at the end of the date to which the return is made up—

a

the person's name and address (as they appear in the company's register of members); and

b

the number of shares of each class held by the person at that time.

(4)  The return must conform to the following requirements for the purpose of enabling entries relating to any given person to be easily found—

a

the entries must be listed in alphabetical order by name; or

b

the return must have annexed to it an index that is sufficient to enable the name of the person in question to be easily found.

I3C22C23C24C25C26C34857Contents of annual return: power to make further provision by regulations

1

The Secretary of State may by regulations make further provision as to the information to be given in a company's annual return.

2

The regulations may—

a

amend or repeal the provisions of sections 855 and 856, and

b

provide for exceptions from the requirements of those sections as they have effect from time to time.

3

Regulations under this section are subject to negative resolution procedure.

C27C28C29C30C31C33C34858Failure to deliver annual return

1

If a company fails to deliver an annual return before the end of the period of 28 days after a return date, an offence is committed by—

a

the company,

b

subject to subsection (4)—

i

every director of the company, and

ii

in the case of a private company with a secretary or a public company, every secretary of the company, and

c

every other officer of the company who is in default.

F19For this purpose a shadow director is treated as a director.

2

A person guilty of an offence under subsection (1) is liable on summary conviction to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding F23one-tenth of level 5 on the standard scaleF23one-tenth of the greater of £5,000 or level 4 on the standard scale.

3

The contravention continues until such time as an annual return made up to that return date is delivered by the company to the registrar.

4

It is a defence for a director or secretary charged with an offence under subsection (1)(b) to prove that he took all reasonable steps to avoid the commission or continuation of the offence.

5

In the case of continued contravention, an offence is also committed by every officer of the company who did not commit an offence under subsection (1) in relation to the initial contravention but is in default in relation to the continued contravention.

A person guilty of an offence under this subsection is liable on summary conviction to a fine not exceeding F24one-tenth of level 5 on the standard scaleF24one-tenth of the greater of £5,000 or level 4 on the standard scale for each day on which the contravention continues and he is in default.

859Application of provisions to shadow directors

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