In certain situations, the Companies Act 2006 requires a company with share capital to deliver prescribed particulars of the rights attaching to its classes of shares to the Registrar of Companies (in relation to voting, dividends, capital and redemption).
Common situations where prescribed particulars must be filed include on submitting your annual return (voting rights only), on incorporating a company and on allotment of shares.
Prescribed particulars must also be filed in relation to new classes of share and variations to the rights attached to existing classes.
If you need to allocate particular rights to different classes of shares and/or are required to deliver prescribed particulars of share classes to Companies House we can assist you by:
Advising you on your best course of action.
Reviewing the company's Articles of Association and any other document that may impact on your plans, such as a shareholders agreement.
Drafting appropriate prescribed particulars.
Drafting shareholder and board resolutions to approve any steps you decide to take.
Making all necessary filings at Companies House.
We can also simply draft prescribed particulars from a review of your Articles of Association, rather than effecting the wider transaction.
We will provide you with a fixed quotation for preparing all of the necessary documentation.