Yet another wadge of unnecessary form filling. Yet another deadline date for major changes. Yet another bunch of civil servants justifying their existence and adding jack to the sum of the worlds accumulated wisdom.
I've just filed my first AR01 and used the following wording:
"Voting rights: Each ordinary share carries the right to one vote to be exercised in accordance with sections 54 to 63 of the Articles Of Association. Dividend & Distribution rights: Each ordinary share carries rights to dividends & distributions (including on winding up) pro-rata to the total number of ordinary shares in issue. These rights are governed by sections 102 to 108 and section 117 of the Articles Of Association."
This was after trawling the web; finding no help whatsoever; referring to the Articles and making up my own; being logged out of the CH website because I was taking too long (luckily I'd pasted it into word because I saw them coming); and then finding out from Linda above that they'll accept "Full Voting Rights"!!
I'm not sure that that last response of "Full Voting Rights" will hold water for very much longer though. Surely these hypothetical people (Lets face it - non-existant) who want to know all this stuff need to be provided with the full monty and as this is contained in text that runs way over the alloted space then my reply was a compromise.
And has the last hour been charged to the client? I know what the response will be. And it will be in Olde English.
My answers
Yet more time wasted
Yet another wadge of unnecessary form filling. Yet another deadline date for major changes. Yet another bunch of civil servants justifying their existence and adding jack to the sum of the worlds accumulated wisdom.
I've just filed my first AR01 and used the following wording:
"Voting rights: Each ordinary share carries the right to one vote to be exercised in accordance with sections 54 to 63 of the Articles Of Association.
Dividend & Distribution rights: Each ordinary share carries rights to dividends & distributions (including on winding up) pro-rata to the total number of ordinary shares in issue. These rights are governed by sections 102 to 108 and section 117 of the Articles Of Association."
This was after trawling the web; finding no help whatsoever; referring to the Articles and making up my own; being logged out of the CH website because I was taking too long (luckily I'd pasted it into word because I saw them coming); and then finding out from Linda above that they'll accept "Full Voting Rights"!!
I'm not sure that that last response of "Full Voting Rights" will hold water for very much longer though. Surely these hypothetical people (Lets face it - non-existant) who want to know all this stuff need to be provided with the full monty and as this is contained in text that runs way over the alloted space then my reply was a compromise.
And has the last hour been charged to the client? I know what the response will be. And it will be in Olde English.