Companies House proposed form changes

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david-menzies By David Menzies, ICAS Director of Insolvency

16 September 2016

Companies House has released information on proposed changes to forms to be introduced at the same time as the Insolvency (England & Wales) Rules 2016. David Menzies outlines the proposed changes.

The Insolvency (England & Wales) Rules 2016 are expected to be laid in parliament shortly and come into effect on 6 April 2017. One of the significant changes in the new rules is that forms used in insolvency processes shall be abolished - the rules shall only prescribe content.

It is understood that the Insolvency Service will issue ‘templates’ which can be used and that the courts are planning to issue practice directions which will include forms which are routinely lodged in the courts.

Companies House statement

Companies House has issued the following statement in relation to forms which are required to be lodged with them:

At the same time as the new Insolvency (England and Wales) Rules 2016 come into force the Registrar of Companies plans to change the naming conventions he uses for the form identifier. The forms will continue to contain the rule number and form title but the identifier will be as follows:

Company Voluntary Arrangement Moratorium forms will be VAM Examples - 1.11 and 1.12 will be VAM1, VAM2 respectively and so on

Company Voluntary Arrangement forms will be CVA Examples 1.1 and 1.2 will be CVA1 and CVA 2 respectively and so on

Administration forms will be AM

Examples - 2.12B, 2.16B will be AM01, AM02 respectively and so on

Receivership forms will be REC

Examples 3.3 and 3.2 will be REC1, REC2 respectively and so on

Creditors/Members Voluntary Liquidation forms will be LIQ Examples - 4.68, 4.48 will be LIQ1, LIQ2 respectively and so on

Court Winding Up forms will be WU

F4.39, F9.4 will be WU01 and WU02 respectively and so on.

We will create forms in a format which complies with Government Digital Service guidelines and brings them into line with others that are delivered to the Registrar of Companies.  The forms will look very similar to Companies Act forms and will be provided via GOV.UK in PDF format with enabled fields so that you can complete them on your PC before printing them. An example form is attached PDF [152 KB].

We think these changes are a positive step and introducing them at the same time as the insolvency rules changes will minimise impact, given that there will be significant change to insolvency forms anyway. We will provide further information on Companies House forms after the Insolvency (England and Wales) Rules 2016 are made.

Topics

  • Insolvency
  • Legislation

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