Johnathan Korchak, Author at Inform Direct

Inform Direct product update – April 2016

Published in Inform Direct news on April 6, 2016 by Johnathan Korchak

Most companies are required to create a Register of People with Significant Control from 6 April 2016. Inform Direct has been fully updated to support the process of entering information to produce the new PSC register.…

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Tags: company registers, Inform Direct, PSCs

How does a company apply restrictions to a PSC’s shares?

Published in Company records on April 4, 2016 by Johnathan Korchak

As part of the process of identifying and confirming the details of its PSCs, a company may send out a number of notices asking for information. In most cases, the addressee will respond in good time and the company will have…

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Tags: company records, PSCs, registers, restrictions

What must a company do to create its PSC register?

Published in Company records on March 29, 2016 by Johnathan Korchak

Most UK companies must keep a Register of People with Significant Control. In this article, we look at the type of process a company should follow to put together its PSC register and share a number of useful templates that can be…

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Tags: company records, PSCs, registers

Admitting a new member of a company limited by guarantee

Published in Shares and shareholders on January 22, 2016 by Johnathan Korchak

Many companies limited by guarantee, particularly clubs and similar associations, will regularly receive applications and accept new members. In other companies, like property management companies for small blocks of flats,…

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Tags: guarantee, members, membership certificates, register of members

Should a company limited by guarantee issue a membership certificate?

Published in Shares and shareholders on January 10, 2016 by Johnathan Korchak

There is no legal obligation for a company limited by guarantee – whether a club, flat management company or other membership organisation – to issue a membership certificate when admitting new members. But, akin to share…

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Tags: guarantee, membership certificates

What is a company subscriber?

Published in Shares and shareholders on December 29, 2015 by Johnathan Korchak

A subscriber is one of the initial shareholders in a private limited company. They are called subscribers because, as part of the company formation process, they subscribe to the company’s memorandum of association.…

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Tags: Company Formation, shareholders, shares, subscriber

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Author Archives: Johnathan Korchak