Don’t overlook the importance of your statutory books
If you operate your business through a private limited company, then you are required by law to maintain a number of registers containing key information about your company. Amongst other things, a compliant set of registers will contain important information about your shareholders, share transfers, your directors and any chargeholders.
These registers are often referred to as the “statutory books” and are usually maintained by the company secretary or, if the company has not appointed a secretary, then by some other person appointed by the company to take responsibility for ensuring they are up to date. The statutory books may be kept in paper form or electronically.
Keeping up to date statutory books is important for a number of reasons:
Even if you are not looking to sell your company, it is important to keep your statutory books up to date. If you are thinking of selling your company at some time in the future, or just want the peace of mind that your company’s registers are accurate and up to date, then we can carry out a review for you and advise you accordingly.
If you have any questions or would like to know more about how we may help you, please get in touch with Noel Ruddy.
The content of this webpage is for information only and is not intended to be construed as legal advice and should not be treated as a substitute for specific advice. PDT Solicitors LLP accepts no responsibility for the content of any third party website to which this webpage refers.