I've looked on the C.H. site and studied the legislation, and I can't find where it says that a company with (say) thirty shareholders, of which four are family members and hold 28% of the shares must be registered as PSCs. C.H. insist that this is the case. Any views on this?
http://www.legislation.gov.uk/ukpga/2015/26/schedule/3/paragraph/2
Replies (2)
Please login or register to join the discussion.
It would depend on the ‘closeness’ of those family relationships.
If cousin A (once removed), cousin B (twice removed), cousin C (thrice removed) and I collectively owned 28%, I wouldn’t say any of us was a PSC.
If me, Mrs ALISK, baby ALISK and my younger brother owed 28%, I would say that I was a PSC.