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How the eFaze 'FastTrack' option
works
Fastrack is the quickest way to
incorporate your company. The
application is sent to Companies
House as soon as payment is
complete, using your delivery
address as the registered office
and eFaze officers. Your company
is initially setup with eFaze
nominee directors and
secretaries. You can then
appoint your own directors and
secretaries using our online
forms - on submitting your new
directors and secretaries, eFaze
will automatically resign and
your officers and shareholders
will be appointed.
If you select "FastTrack", as
soon as you give us your payment
information our electronic
system automatically sends your
proposed company incorporation
details to Companies House for
incorporation.
This is extremely important
because Companies House works
effectively on a first come
first served basis for deciding
who gets a company name. You can
get your company name to
Companies House in as little as
5 minutes using our system and
your application should be on
its way to Companies House
within 5 minutes of your
clicking "Register This
Company".
The email confirming the company
registration will have your
Memorandum and Articles of
Association attached. You should
receive the acceptance with .pdf
certificate within 8 working
hours and often sooner.
Your company is formed using our
nominee director(s), secretary
and subscriber. eFaze has 2
limited companies which act as
initial nominee director and/or
secretary and subscriber when
the company is formed.
These companies are registered
as our nominees at Companies
House and can never have any
problems with appointment,
unlike other unregistered
persons. eFaze Client Director
Ltd will act as director. Efaze
Client Secretary Ltd will act as
secretary (and director if the
company is a PLC)
eFaze nominees will remain in
position for 1 month after
registration. At this point, you
will be reminded to appoint your
own director and secretary, and
transfer the subscriber share to
the beneficial owner unless you
have already instructed us to
act for you. See Company
Secretary Service and Dormant
Company Maintenance Service for
more information
Unless the company is non
profit-making, Limited companies
are usually formed with 1000 £1
shares, 1 share will be issued
to eFaze Client Director Ltd.
PLCs are formed with 50,000 x £1
shares and require 25% take up
of the shares i.e. £12,500. 1
share each will be issued to
eFaze Client Director Ltd and
eFaze Client Secretary Ltd. The
Memorandum and Articles of
Association will be a generic
standard set suitable for the
type of company you have
ordered. The subscriber(s) (our
nominee(s)) will be added
automatically to the Memorandum
and Articles of Association.
The registered office address
will be the the address you type
in when you enter your contact
details - the delivery address,
unless you have ordered our
registered office service.
When the company is formed you will be emailed instructions on
how to appoint your own director
and secretary, and to transfer
the nominee share(s) (if
applicable) online. The company
will initially belong to eFaze
and you can then
appoint your own officers and
transfer the subscriber share(s)
later at your convenience.
Please note: eFaze nominee
director and secretary will
remain in office for one
calendar month. If you have not
made any appointments in that
time, we will contact you with a
reminder. Once all appointments
and share transfer(s) are in
order, we conduct the first
meeting of the company and
transfer directors, secretary
and share(s) to you and send you
the paperwork by email.
This includes
minutes of the first meeting
where ownership of the company
is transferred.
template for the second
meeting and stock tranfer form.
We also include form 225
(change of accounting reference
date) and
form 88(2) (allotment of
shares) which may be of use.
If you prefer, you can enter
details of director, secretary
and shareholder immediately
after payment by clicking on
"Next Steps", and the
appointments will be sent to
companies house as soon as the
company is registered.
However, if you are ready with
details of director, secretary
and subscriber you may prefer to
select "Detailed Registration"
and enter your details NOW at
the time of registration.
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