Companies Act Changes in the Economic Crime and Corporate Transparency Act 2023: What To Do Now – Zoom

All UK limited companies and their professional advisers need to prepare now for major changes to the Companies Act, and to the role and powers of Companies House, as a result of Part 1 of the Economic Crime and Corporate Transparency Act 2023.

The changes aim to stop UK companies (and in due course, other UK entitles such as Limited Liability Partnerships) being used to carry out or facilitate economic crime, and to make the information at Companies House more complete, accurate and reliable. As a result Companies House will change from a ‘passive recipient of information’ to a ‘much more active gatekeeper’, with significant implications for UK companies.

This two and a half hour online presentation will provide an essential update for solicitors at all levels in private practice, in-house lawyers, company secretaries and all those involved in Companies Act administration work for UK companies on the details of the changes, the implications for companies and their officers, latest indications when the changes might be introduced, where to find out more and, most importantly, what you and your clients should be doing right now as a result of the new legislation.

The price for this is £190 + VAT. This is a per organisation price, so up to 10 of your colleagues can participate at absolutely no extra charge, even if they are viewing it from a different location or at a different time. So, of course, if there are 10 of you the cost per delegate would be just £19.00 per head.

For law firms with four or less partners, you can purchase a single place at the conference for £99 + VAT

All those attending will receive a free video recording of the course shortly after it takes place. You can participate in the course live or watch the recorded version whenever or wherever you want.

To book a place on the course please click on the box at the top right. If you don't know all the names of your delegates, you can still book for those you know and add additional free delegates at a later date. All free delegates need to be registered in order to get joining instructions.

The course will cover:

• the new obligation to verify the identities of new and existing directors and ‘persons with significant control’ and the consequences of failing to do so
• the new obligation to verify the identities of company secretaries and employees filing information for their companies at Companies House;
• the new obligation for third party agents such as solicitors and other professional advisers to register as ‘authorised corporate service providers’ at Companies House before they can continue to file information on behalf of their company clients;
• the new restrictions on use of corporate directors for UK companies, including in groups;
• the new restrictions on who can be or act as a director;
• abolition of the requirement for companies to maintain statutory registers, except for the register of members;
• the one-off requirement to check existing shareholder details;
• new conditions to be satisfied before an address can be used as a registered office address;
• a new requirement for a company to notify a statutory email address;
• the abolition of abridged and filleted accounts for small companies and micro-entities; power for Companies House to require information to be filed digitally, including accounts; and a new ‘statement of eligibility’ to be given by directors of companies;
• the power to restrict a company from shortening its accounting reference period;
• the new power for Companies House to cross-check information filed with it against information held by other public and private bodies, and reject it, query it or remove it from the public record unless supporting evidence is provided;
• power for Companies House to reject or remove information that appears suspicious, fraudulent, might create a false or misleading impression or might ‘impact upon the integrity of the register’;
• new restrictions on company names, including powers to direct existing companies to change their names;
• extending Companies House powers to ‘suppress’ personal details filed;
• a new power to impose civil penalties for failure to comply with a wider range of Companies Act obligations and more penalties for false statements;
• potential increases in Companies House fees.

The course is delivered by David Impey, who specialised as a company lawyer since qualifying as a solicitor in 1984. Now a non-practising solicitor, David is a highly experienced presenter and author of a number of company law textbooks.

Important Notes about Booking

1. Payment can be made by credit or debit card or alternatively by invoice. The option to pay by invoice is below the pay by card option in the booking form

2. If you have more than 10 delegates then extra delegates are £20 each. Contact us at info@legaltrainingconsultancy.co.uk to arrange this

3. If you don't have the complete list of who will be attending you can book for those that you know will be attending and add the others at a later date

4. If you would like to submit questions in advance please send them to info@legaltrainingconsultancy.co.uk

5. Please ensure that, when booking, you get colleagues' email addresses entirely correct as failure to do so will probably mean that they will not receive joining instructions

The Legal Training Consultancy

The Legal Training Consultancy is a full-service training consultancy with a large portfolio of conferences, courses and trainers. Over the years we have been responsible for putting together a vast number of law and management related conferences, webinars, seminars, videos and e-learning modules. Altogether well over 2000.