«Offshore incorporations, offshore companies, bank accounts.»

New penalties for accounts delivered late in UK, effective 1st February 2009. 13/02/2009

Effective 1st February 2009 to all accounts delivered late new penalties apply as follows:

• A double penalty for company which files late, having also filed late in the previous year.
• Penalties apply to all accounts delivered late, regardless of when they became overdue.
• To avoid penalties read the reminders, allow enough time for accounts to reach the Registrar and consider guaranteed methods of delivery.
• If the penalty is not paid, legal action may be taken.

• In case of, amendments in articles of association, a copy of the articles must be sent to CH within 15 days. 
•  New civil penalty of £200 for failure to comply will be introduced 1st October 2009.
• The company would remain liable to criminal proceedings in addition to the £200 civil penalty.