Your go-to provider for company secretarial services ProSec has a proven track record of delivering excellence to national and international law and accountancy firms who outsource their company secretarial (CoSec) services to us on behalf…... More
Introduction Companies House has introduced new rules to make company ownership more transparent and secure. If you’re a director or material ultimate beneficial owner, or planning to become one, you will need to have your…... More
If a company appoints or removes a company director, it is required to let Companies House know. Below is a guide explaining how do to this. 1. Complete the correct form The form used for…... More
KYC stands for "Know Your Customer." It is a process that businesses and financial institutions use to verify the identity of their customers. The purpose of KYC is to prevent fraud, money laundering and other…... More
Introduction In the ever-evolving landscape of business and corporate governance, staying informed about regulatory changes is crucial. Directors play a pivotal role in steering the ship of a company, and being aware of updates from…... More
Share dilution refers to the decrease in the ownership percentage of existing shareholders in a company when new shares are issued. This can occur for various reasons, and it typically has a dilutive effect on…... More
A cap table, short for "capitalization table", is a document that provides an overview of a company's equity ownership structure. It lists all the company's securities, such as ordinary shares, preferred shares, options, warrants, and…... More
Fully diluted share capital refers to the total number of shares that would be outstanding if all possible sources of conversion or exercise were utilized. In other words, it represents the maximum number of shares…... More
The principal objective of the Register of Overseas Entities (ROE) is to provide greater transparency around UK property owned by overseas entities. An overseas entity is classed as a company or organisation who is governed…... More
The UK government introduced the Economic Crime (Transparency and Enforcement) Act 2022 on 15th March 2022, which includes several new measures to help prevent money laundering in the UK. The Act enables the government to…... More
The Register of Overseas Entities (ROE) was introduced by the UK government on the 1st August 2022 to provide greater transparency about the beneficial owners of UK property and land. The ROE is operated by…... More
Under the Economic Crime (Transparency and Enforcement) Act 2022, overseas entities must register their beneficial owners on the Register of Overseas Entities (ROE). The register is operated by Companies House and failure to comply with…... More
A beneficial owner is a person or entity who enjoys benefits of ownership of a property or another type of asset. A beneficial owner can also be defined as an individual or an entity who…... More
