Legal obligations: Variable capital company (VCC) director
Learn your key responsibilities as a VCC's director.
Last updated 29 January 2026
Key duties and obligations
VCC directors must meet these duties and obligations under the VCC Act 2018. Otherwise, they may face penalties or enforcement action.
VCC directors' duties
Duties | Details |
|---|---|
Hold annual general meetings (AGMs), unless exempt | You must hold an AGM within six months of your financial year end (FYE). More details: Penalties for not holding an AGM |
You must file annual returns within seven months of your FYE. More details: Penalties & enforcement action for late annual returns | |
Maintain company information and registers | You must update your VCC information to:
|