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<p>When a company incorporates with Companies House, information is required about
the company’s type, its name and registered office, its directors and shareholders,
its share structure and, under measures that came into force in June this year, its
beneficial owners – the people with significant influence and control over it. Copies
of the company’s governing documents are also required.</p><p>A number of checks are
undertaken to ensure this information is complete, formatted correctly and that it
meets the requirements of the Companies Act 2006. If these requirements are not met,
the application will be rejected and the company will not be incorporated.</p><p>Incorporation
allows the company to take actions such as opening a bank account in its own name.
But when it first seeks to do this, the company and the relevant officers of the company
will be subject to due diligence processes by the bank or other relevant obliged entities
with which it is entering into a business relationship. UK companies are subject to
customer due diligence many times throughout their lifetime.</p>
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