Is there a shareholder limit within the annual return?
Yes. A maximum of 350 individual and joint shareholders can be provided on electronically submitted Annual Returns. The issued share capital recorded in the Capital section of the Annual Return must match the shares held by shareholders shown in the shareholder section of the Annual Return. If they do not match, a warning will be displayed and you will be asked to correct the data before you submit your Annual Return. Note: This validation is only applicable for companies required to provide the names of all its shareholders. The class of share provided on the Annual Return must correspond on the ‘Capital and shareholder’ screen. If the ‘class of share’ does not correspond, you will be required to correct the information to proceed. For example: The Capital screen displays ‘ordinary A’ class of share and the shareholder screen displays ‘ordinary’. This would be highlighted as a mismatch error because the class of share does not correspond.
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