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Entries with tag small business enterprise and employment act 2015 .

It’s time to act for UK companies with bearer shares

02 Feb 2016
For those UK companies with bearer shares still in issue, a key date to be aware of this month is the 25 February. This is the last day of the period during which the holder of a bearer share may surrender a share warrant. One of the corporate aspects of the Small Business, Enterprise and Employment Act 2015 was the prohibition of the creation of bearer shares. This prohibition took... Read More AboutIt’s time to act for UK companies with bearer shares »

By Philip Jacques

Small Business, Enterprise and Employment Act 2015: timetable update

28 Aug 2015
The UK Government has recently released an amended timetable for the implementation of the Act. 26 May 2015 Bearer shares: There is no change in relation to the timing of the abolition of bearer shares. They were abolished on 26 May 2015 and any existing share warrants will need to be surrendered within 9 months of that date. 10 October 2015 The following changes... Read More AboutSmall Business, Enterprise and Employment Act 2015: timetable update »

By Philip Jacques

Small Business, Enterprise and Employment Act 2015: update

14 Jul 2015
The Department for Business Innovation & Skills (BIS) has recently published a consultation in relation to the register of people with significant control . This consultation includes a draft of The Register of People with Significant Control Regulations 2015. These regulations include provisions regarding information that needs to be included in the register of people with... Read More AboutSmall Business, Enterprise and Employment Act 2015: update »

By Philip Jacques

Panama: new regime for bearer shares

28 May 2015
Increasingly, restrictions are being placed on the issue of bearer shares. This is apparent in the UK, where the Small Business, Enterprise and Employment Act 2015 will prohibit their issue from 26 May 2015 and also in Panama where there is to be a new regime for the custody of shares issued to bearer by Panamanian corporations. From 4 August 2015, any bearer share certificates must have... Read More AboutPanama: new regime for bearer shares »

By Philip Jacques

UK: Abolition of corporate directors under the Small Business, Enterprise and Employment Act 2015

07 May 2015
Under section 155 of the Companies Act 2006 (the “CA06”), all UK companies must have at least one director who is a natural person. The UK Government’s view is that despite section 155, there remains a lack of transparency and accountability with respect to those controlling a company which can facilitate illicit activity, erode trust and damage the business environment, and ultimately... Read More AboutUK: Abolition of corporate directors under the Small Business, Enterprise and Employment Act 2015 »

By Philip Jacques

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