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When a company's ownership changes, it's crucial to quickly update its Persons with Significant Control (PSC) Register to follow the rules in the Companies Act 2006 in the UK.
To update the PSC Register, the company needs to first get info about the new people or entities in control. This includes their names, service addresses, dates of birth, residential addresses (not public), nationalities, and how they control things.
Once that info is collected, the company should write down the changes in the PSC Register, saying when the changes happened. This document needs to show the current ownership and control in the company.
The company also has to tell Companies House about these changes by sending the right forms quickly. The PSC Registerm along with the official filings to Companies House, makes sure the public record has the latest and correct info about who's influencing or controlling the company.
To update the PSC Register, the company needs to first get info about the new people or entities in control. This includes their names, service addresses, dates of birth, residential addresses (not public), nationalities, and how they control things.
Once that info is collected, the company should write down the changes in the PSC Register, saying when the changes happened. This document needs to show the current ownership and control in the company.
The company also has to tell Companies House about these changes by sending the right forms quickly. The PSC Registerm along with the official filings to Companies House, makes sure the public record has the latest and correct info about who's influencing or controlling the company.
