UK Companies Act 2006 – Company Law
The UK Companies Act 2006 is an Act of the Parliament of the United Kingdom which regulates companies incorporated under UK company law. You will find below the key extracts from the UK Companies Act 2006 along with the full act.
A company must not be registered under this Act by a name if, in the opinion of the Secretary of State its use by the company would constitute an offence or it is offensive.
The name of a limited company that is a private company must end with “limited” or “ltd.”.
A company must at all times have a registered office to which all communications and notices may be addressed.
Article of Association
A company must have articles of association prescribing regulations for the company.
Articles of Association registered by a company must—
- be contained in a single document, and
- be divided into paragraphs numbered consecutively.
A private company must have at least one director and a public company must have at least two directors.
If a limited company is formed under this Act with only one member there shall be entered in the company’s register of members, with the name and address of the sole member, a statement that the company has only one member.
The authorised minimum, in relation to the nominal value of a public company’s allotted share capital is £50,000.
Certificate of Good Standing
A Good Standing certificate states that a UK company has been in continuous, unbroken existence since its Incorporation.
The certificate issued by Companies House also confirms no action is currently being taken to strike the company off the UK company register.
In certain circumstances, a company may apply to the registrar to be struck off the register. The provision is limited to private companies. This section, in restating that provision, no longer includes the limitation, with the effect that public companies too may now apply for voluntary strike off
An application may be made to the registrar to restore to the register a company that has been struck off the register under section 1000 or 1001 (power of registrar to strike off defunct company).
An application under this section may only be made by a former director or former member of the company.
An application under this section may not be made after the end of the period of six years from the date of the dissolution of the company.