tampered

New Powers Protect Companies From Fraud

New Powers Protect Companies From Fraud

Small firms will be able to take action more swiftly if fraudsters hijack their records at Companies House, following new rules to come into effect on 1 October. New powers for the Registrar of Companies mean businesses that suspect their records have been tampered with can now contact Companies House directly to ensure the information is corrected, to stop fraudsters from entering into contracts using their company name. Up to now, firms have had to go through the courts to put a stop to third parties falsifying their records. The change is among the last new processes to be implemented as a result of the Companies Act 2006. “There has been a steady stream of companies being effectively hijacked, when fraudsters submit statutory forms to Companies House changing the names of company... »