If 2 people own 50% of the shares in a company in their personal capacity (and not on behalf of anyone else) it is quite simple to complete the PSC requirements.
1. Go to the PSCs tab and select ''Add new PSC/RLE.'
2. Select 'Known Individual' and then click 'Next'.
3. Start to add the name of one of the shareholders. Inform Direct will recognise the name (from existing details held for the company) and will offer the person as a PSC. Select 'Add PSC' opposite the correct name.
4. Add the Date the PSC was first identified.
Note: This cannot be before 6 April 2016 or the company's date of incorporation.
5. Answer 'Yes' to the question: Has the individual confirmed they are a PSC?. Then add the Date the PSC confirmed the full required details and click 'Next.'
What are the full required details for a PSC?
6. Add/confirm the required personal details for the first shareholder.
Note: Included here is the PSC Service address requirement. Inform Direct will default to suggesting the Company's Registered Office. Change the PSC Service address to another location if required.
7. Enter the Significant Control Criteria for the first shareholder.
Note: Since the shareholding is only 50% the answer to question 1 and 2 will almost certainly be 'Yes' but then supplementary questions will appear requiring additional information. If the shares have equal voting rights, you would probably answer them as per the below. However, if the voting rights were asymmetrical or there was an applicable shareholders' agreement, the answers may be different.
8. Now you can view the details before you click 'Submit to Companies House.'
9. The details for the first shareholder with a 50% interest in the company will now show on the PSC Register as per the below.
10. To add the details of the remaining shareholder repeat the process from Step 1.