Ben Ironmonger, company and commercial solicitor at Scott Bailey LLP, considers the importance of keeping properly maintained statutory books. Whatever industry your business is in, if you run a private limited company, you are required by the Companies Act 2006 (the “Act”) to maintain registers holding important information. A compliant set of registers will contain details of shareholders, share transfers, and officers (directors and secretaries) of the company. Many of these details may not be available via public registers such as Companies House. The various registers are usually referred to as “statutory books” (or “stat books”) and maintained by the company secretary or, if the company does not have a company secretary, then by a director or other person appointed to take responsibility for ensuring they are up to date. The statutory registers include the register of members, register of … Continue reading →