Coronavirus Business Interruption Loans and Finance
Jeremy Over | 27.04.2020
10.04.2020 Manmohan Singh
Certain UK companies must keep a separate register of individuals (PSCs) and certain legal entities (RLEs) with significant control over the company (PSC register). Following the allotment of shares the directors of the company must always consider whether an individual or an RLE who has been allotted the new shares, who is not recorded on the PSC register, is required to be recorded on the PSC register.
The above are a very basic set of guidelines which must be considered when allotting new shares to raise finance. If are you planning to raise finance through an allotment of shares we would be delighted to guide you through the process.
Please contact our Corporate London office team, Iwan Thomas, Solicitor Tel: 020 3962 5846 or email: firstname.lastname@example.org or Manmohan Singh, Partner Tel: 020 3962 5850 or email: email@example.com.