Guide to the TM01 Form: Terminating a Director’s Appointment
What is the TM01 form?
The TM01 form is the official document used to notify Companies House in the UK about the termination of a director’s appointment. Whether the director is an individual or a corporate entity, this form must be completed and submitted within 14 days of the termination. Failure to do so can result in compliance issues for the company.
When to use the TM01 form
A company must file a TM01 form when a director:
- Resigns voluntarily
- Is removed by shareholders or board resolution
- Passes away
- Becomes disqualified
- Is no longer eligible to serve as a director
How to complete the TM01 form
Filling out the TM01 form is straightforward. You need to provide the following details:
- Company Name and Registration Number – Ensure accuracy to avoid rejection.
- Director’s Details – Include their full name and date of birth.
- Termination Date – This should match the official termination record.
- Signature – It must be signed by an authorised person, such as another director or company secretary.
How to submit the TM01 form
Companies House allows submission of the TM01 form via:
- Online filing – The quickest and most convenient method.
- Postal submission – Send the completed form to the appropriate Companies House office.
Consequences of not filing a TM01 form
Failing to submit a TM01 form within the 14-day period can lead to:
- Non-compliance penalties
- Inaccurate public records
- Legal complications for the company
Summary
Properly handling director terminations is crucial for corporate governance. Ensuring the timely submission of the TM01 form helps keep company records accurate and avoids potential penalties. If you need assistance with filing, consult a professional such as Umbrella.UK Insolvency to ensure compliance with Companies House regulations.
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