Companies should be aware that, from 30 June 2016, there are
some small changes to the fees payable to Companies House and to
the information required on any statement of capital filed at
The cost of an on-line incorporation is now slightly cheaper
(£10 or £12 depending on the method used).
Incorporations using hard-copy documents remain unchanged at
£40. The cost of registering charges has increased, for both
electronic and paper registrations, to £15 and £23
respectively. The cost of some copy documents (e.g. certificates of
incorporation) has also decreased. The changes ensure Companies
House fees accurately reflect its costs.
Statements of capital
The statement of capital form which a company must file whenever
it makes a change to its share capital (e.g. issues new shares or
reduces its capital) has been simplified. The change removes the
requirement to show the amount paid up and unpaid on each share.
Instead, a company now needs to show the aggregate amount (if any)
unpaid on the total number of shares. This figure is easier for the
company to establish and more useful for shareholders and creditors
as it shows money which is still due to the company.
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An assignment of rights under a contract is normally restricted to the benefit of the contract. Where a party wishes to transfer both the benefit and burden of the contract this generally needs to be done by way of a novation.
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