Company records

by Practical Law Corporate

A practice note that examines the requirements for maintaining company records under the Companies Act 2006. This practice note outlines a company's obligations regarding its statutory registers, minutes of directors' and members' meetings, and written resolutions. It provides guidance on the proper format for these records, whether in hard copy or electronic form, and details the rules for their location, including at a company's registered office or a Single Alternative Inspection Location (SAIL). The practice note also addresses the rights of members and other individuals to inspect and request copies of company records, and the procedures and timeframes companies must follow in relation to inspection and copying. This practice note considers the significant reforms introduced by the Economic Crime and Corporate Transparency Act 2023 that impact a company's record-keeping duties, ensuring users are informed of recent and forthcoming legislative changes.