Latest Legal News - Trading Disclosures on Websites (June 2009)

As the web evolves as the premier advertising tool for businesses, the law has expanded to require a greater degree of disclosure from companies on their websites. There are already rules about disclosure of company information on business stationery and requiring notices at trading premises and registered offices but it is easy to overlook the rules covering company websites.

Under the Companies (Trading Disclosures) Regulations 2008, which came into force on 1st October 2008, companies must now display certain business information on its website. As well as its full registered name, a company must state its registered number, registered office address and in which part of the UK it is incorporated. If there is any reference to a company's share capital, then the amount of the share capital must be stated. Failure to comply can lead to a fine which is currently set at £1,000.

It is important that companies display this information clearly and that it is not just hidden away.

 

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