What's SH01 Form for?
SH01 Form is an essential document that every company must submit to Companies House. It is used to notify the government of any new shares that have been allocated within your limited or partner company. SH01 Form needs to be filed within 30 days from the day when the new allotment was made.
What happens if I don't file SH01 Form?
If SH01 Form is not filed within the prescribed time frame, Companies House may impose a fine. Additionally, SH01 Form must be submitted on an annual basis in order to maintain accurate records about your company’s capital structure.
Failing to file SH01 Form may lead to a penalty, so it's important that you make sure to submit SH01 Form in time. When SH01 Form is submitted, Companies House will be able to access information about the new share and will be able to process it accordingly.
What information does SH01 Form contain?
SH01 Form contains information such as the company name and company number, the number of shares issued or transferred, the date of allotment, the rights attached to each class of share, the capital sum paid up on each share, and any details relating to a premium payable.
How do I file SH01 Form?
Filing SH01 Form is relatively straightforward. All you need to do is log in to your Companies House account and select SH01 Form as the document type you would like to submit. Once you have completed all the relevant information, click ‘Submit’ and SH01 Form will be successfully filed with Companies House.
For paper submission, SH01 Form must be signed by the director, company secretary, or a third person authorised by the company and sent to the Companies House offices address.
SH01 Form is free of charge, you don't need to pay anything upon submission.
Can you Correct the SH01 Form?
If you make an error on SH01 Form you can correct it on your Confirmation Statement, simply by correcting the SH01 return of allotment of shares section on your statement and submit it to Companies House.
After SH01 Form is successfully submitted, a Share Allotment Document will be issued. This document contains all the details of the allotment and can serve as proof that SH01 Form has been received and processed by Companies House.
In Conclusion
In summary, SH01 Form is an important document that needs to be filed with Companies House in order for your company’s information to remain up-to-date and accurate. Key takeaway is to remember the deadline of 30 days upon new allotment share in your company.
