Schedule 5 amends the Companies Act 2006 to give private companies the option of keeping certain information on the register kept by the registrar instead of keeping it on their own registers.
(1)After section 1084 of the Companies Act 2006 insert—
(1)The Secretary of State may make provision by regulations authorising a company or other body to deliver optional information of a prescribed description to the registrar.
(2)In this section “optional information”, in relation to a company or other body, means information about the company or body which, but for the regulations, the company or body would not be obliged or authorised under any enactment to deliver to the registrar.
(3)The regulations may, in particular, include provision—
(a)imposing requirements on a company or other body in relation to keeping any of its optional information recorded on the register up to date;
(b)about the consequences of a company or other body failing to do so.
(4)Regulations under this section are subject to affirmative resolution procedure.”
(2)In section 1059A of that Act (scheme of Part 35), in subsection (2), after the entry in the list for section 1083 insert—
“section 1084A (recording optional information on register),”.