Since the impact of COVID-19 we have seen a large increase in the number of companies applying for voluntary strike off. Directors and practitioners had more time to look at what companies had ceased trading or never traded and it was a good time to apply to reduce costs for companies that were no longer
The ODCE issued a guidance document “COVID-19 and the insolvency-related functions of the ODCE” providing some helpful and welcome guidance to directors of companies impacted by the COVID-19 pandemic. Directors of companies that go into liquidation face restriction proceedings unless they can demonstrate that they have acted “honestly and responsibly”. Only a small minority of
A significant challenge for companies is holding either director or member meetings given the Covid-19 restrictions. Everyone has embraced the new world of virtual meetings through Zoom, Skype, Hangouts etc. While these are useful tools for business and teams to meet, companies need to be mindful of the legislation regarding holding meetings electronically. Before a
An overused phrase at the moment but these are challenging times we are living in. Most importantly, we hope you, your family and your colleagues are safe and well. The COVID-19 pandemic has had a major impact on how companies operate and so survival, paying staff and keeping the business afloat are always the most
Everything keeps changing daily if not hourly! So we are glad to bring you some good news which was announced late yesterday afternoon (1st April 2020). The CRO are now providing a reduced service, which include company incorporations. They issued the following update on the website:- “Due to the restrictions put in place by the
The CRO have announced that they are unable to process submissions or answer queries due to the Covid-19 pandemic. We are unsure yet how long this will last for (until the 14 April at a minimum) and what the impact will be on filing deadlines, company formations and other submissions. We will provide an update
The Companies House in the UK have issued an update regarding filing accounts. If it becomes apparent that accounts will not be filed on time due to your company being affected by Coronavirus (COVID-19), you may make an application to extend the period allowed for filing. Detailed information is available on the Companies House website.
CLS is closely monitoring the developing COVID-19 situation. Our priority is to ensure the health, safety and wellbeing of our employees, clients and other business contacts, as well as continuing to deliver our services. We have implemented our remote working policy so we will continue to provide our services to you. You can contact any
Every January we highlight 10 company secretarial and company law points for directors and practitioners to consider and the 2020 list is below. RBO Filings Filing Annual Return Audit Exemption District Court Applications New CORE System Company Law Impact of Brexit Sole Director & Sole Shareholder Company Selling a Company Capping Value in a Company
No Extension to RBO Deadline There is only 1 week left until the RBO filing deadline of 22nd November 2019. 23% of companies have filed successfully to date. This will leave a huge number of companies to file in the next week. Click here for our November Newsletter