Backdating fraud

by  |  26-Jan-2018 23:50

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And this is why defenses to backdating sometimes get hard for me to understand.

Sure the accounting rules are arcane and most people don’t know them.

For example, a reduction of share capital using the UK solvency statement procedure only takes effect in law when it is actually registered with Companies House.

So any attempt to rely on the reduction before registration would be ineffective.

It goes without saying that they also won’t realize that, in reality, it’s all being done a month later.

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