Trading Disclosures FAQs
Q. Where must I disclose my company's name?
A. Every company must display its registered name:
Q. As a company how must the company name be disclosed?
A. The company name must be displayed continuously, but from October 2008, if you are one of the six or more companies sharing the office or place of business you'll only be required to display the name for fifteen seconds every three minutes. You may want to use electronic displays for this purpose.
Q. Does the published company name have to be exactly the same as the registered name?
A. From October 2008 minor variations in form of a name will be permitted including the case of the letters, the use of punctuation, accents, etc and formatting. However, the differences must not result in there being a risk of confusion.
Q. What do I need to display in my business letters, orders and websites?
A. The company name, number, place of registration, and its registered office address.
Q. Can I request company's information in writing?
A. Yes. From October 2008 a person may request in writing information from the company it deals with including; the address of its registered office, any inspection place and the type of company records kept at that office or place. The company must send a written response to that person within five working days of the receipt of that request.
Q. What can happen if the company fails to comply with the trading disclosure requirements?
A. The company and every one of its officers in default will be committing an offence and they may be liable to a fine.
However, from October 08 the personal civil liability was removed. This means that for example, if the officer signed a cheque on behalf of the company he will no longer be personally liable to the holder of the cheque for any money.