Company Formation Terms
1. About Interpolitan Money
1.1. Interpolitan Money Plc (“Interpolitan Money”) is a company incorporated under the laws of England and Wales, company registration 07666629.
1.2. The head office is 160 Fleet Street, London, EC4A 2DQ Additional contact details can be found on the “Contact Us” page of the Interpolitan Money Website (the “Website”).
1.3. Interpolitan Money is authorised by the Financial Conduct Authority (“FCA”) as an Electronic Money Institution (“EMI”) under the Electronic Money Regulations 2011 for providing e-money and payment services. Our Firm Reference Number (“FRN”) is 900413.
2. The Service
2.1. The Company Formation Service (“the Service”) allows you to form a Limited Company. Once notified of the successful formation you will receive formation documentation including a Certificate of Incorporation and Memorandum and Articles of Association.
2.2. Interpolitan Money will do so by filing electronically with Companies House as an authorised person on behalf of the Limited Company.
2.3. Within ten days of the successful formation of a company you will be contacted by Interpolitan Money to complete your Corporate Current Account application.
3.1. You warrant that all information provided to Interpolitan Money is truthful and accurate. You will inform Interpolitan Money if the information you provide changes. Interpolitan Money is not responsible for any loss whatsoever that occurs as a result of you not informing Interpolitan Money of such changes. Interpolitan Money may, at its discretion require supporting evidence, in order to update such changes.
3.2. You must be 18 years or older to use the Service
3.3. You have the authority to nominate other Directors as per the formation process
3.4. You are not undischarged bankrupt.
3.5. You are not disqualified as serving as a director (Company Director Disqualification)
3.6. You may only open an Account and undertake the Service if it is legal to do so in your country of residence. You represent and warrant to Interpolitan Money that by doing so You do not violate any laws or regulations applicable to you. You shall indemnify Interpolitan Money against any losses incurred in connection with your breach of this section.
4. Keeping Your Company Formation Service Account Secure
4.1. You must take all reasonable steps to keep your Company Formation Service Account (“the Account”) secure.
4.11. You should take all steps to keep your password secure and not disclose it to anyone.
4.12. You ensure that your login details are not cached, stored by the browser or otherwise recorded.
4.13. Interpolitan Money recommends that you change your password regularly. The password should be unique and not shared across multiple other online accounts.
4.14. Interpolitan Money will never ask you for your password or should you ever disclose your password to a third party.
4.15. If you become aware of a website other than the Interpolitan Money Website or a message asking for your password you should contact the Customer Services Team.
4.2. If you believe that your email account has been compromised you must contact the Customer Services Team immediately and without delay to change the email address associated with your account.
4.3. If you have any indication or suspicion that your account, login details, password or other security features have being lost, stolen or misappropriated you are advised to change your password immediately and without delay.
4.4. If you believe that your account has been compromised you must contact the Customer Services Team immediately and without delay. Any undue delay in notifying us may not only affect the security of your account but may also result in you being liable for any losses occurred.
4.5. Interpolitan Money may suspend your Account or otherwise restrict functionality if Interpolitan Money reasonably suspects that unauthorised or fraudulent use of your account has occurred. Interpolitan Money will notify you of any suspension or restriction in advance or where we are unable to, immediately after the suspension or restriction has been imposed, unless notifying you would be unlawful or compromise Interpolitan Money’s reasonable security interests
6.1 Interpolitan Money recommends that You seek independent legal advice and that You understand the commitment and Your obligations with respect to forming and maintaining a Limited Company.
6.2 To the greatest extent permitted by law, Interpolitan Money excludes all liability and responsibility to You for loss, damage or otherwise resulting from the use of the Service.
6.3 In the event of a dispute between the Directors and You, Interpolitan Money excludes all liability and responsibility to You for loss, damage or otherwise resulting from the use of the Service.
6.4 Interpolitan Money excludes all liability and responsibility, entirely, for loss, damage or otherwise that may occur to you if Companies House reject an application due to errors or omissions made by Your use of the Service
6.5 The name of the Limited Company is chosen by you. You must ensure that the name is available and can be legally used by You.
6.6 Interpolitan Money provides a company formation service only. You are responsible for the ongoing submissions and maintenance of the Limited Company. Interpolitan Money excludes all liability and responsibility, including the striking off by Companies House and removed from the register due to the failure to appropriately maintain the Limited Company.
6.7 It is Your responsibility to ensure that any named Directors meet the legal requirements to form a Limited Company and are able to hold such positions. Interpolitan Money excludes all liability and responsibility where the formation is rejected by Companies House due to the terms and conditions of Companies House not being met.
7. Termination & Suspension
7.1 Interpolitan Money may terminate your Account associated with it by giving you 60 days’ notice. You may terminate your account at any time.
7.11 Interpolitan Money may at any time suspend or terminate without notice when:
7.12 You are deemed to be in breach of these Terms and Conditions or any other condition applicable to specific services offered by Interpolitan Money and covered by separate Terms and Conditions.
7.2 You violate or Interpolitan Money has reason to believe that You are in violation of any law or regulation that is applicable to the services offered.
7.3 Interpolitan Money has knowledge of or suspects you are involved in any fraudulent activity, money laundering, terrorist financing or other criminal activity.
7.4 Your account may also be suspended at any time if:
7.41 Interpolitan Money believes your account has been compromised or for other security reasons.
7.42 Your failure to provide sufficient documents to identify Yourself when requested.
7.43 It is reasonably suspected your account has been used or is being used without your authorisation or fraudulently.
8. Changes to These Terms and Conditions
8.1 These Terms and Conditions and any additional terms and conditions that may apply are subject to change. Changes will be implemented with prior notice from Interpolitan Money under the procedure set forth in this section.
8.2 You shall be provided notice of any proposed changes through email correspondence directed to the primary email address registered to Your Account.
8.3 The proposed change shall come into effect two (2) months after the date of the change notice. If the proposed change is favourable to you, the change will come into effect immediately.
9.1 Interpolitan Money will communicate with you via email. You must at all time maintain one valid address with Interpolitan Money. You are required to check for incoming messages regularly and frequently. Email may contain links to further information on the Website.
9.2 Any communication or notice sent via email will be deemed as received by you if it is received into your email inbox before 17:30 UK time on a business day. If the email is received after 17:30 UK time it will be deemed to have been received the following business day.
9.3 Interpolitan Money will communicate with you in English and except communications from you in English. Documents produced in other languages are for your convenience however only communications made in English by Interpolitan Money are to be considered official.
9.4 You may contact our Customer Service Team by visiting the “Contact Us” page of the Website
9.5 Where legislation requires us to provide information on a durable medium we will send you an email with or without an attachment or a point you to information on the Website in way that allows you to retain the information in print format or other format that can be retained by you for permanent reference.
9.6 Interpolitan Money will never send you any emails with executable files attached or with links to executable files. If you receive any email with such attachments you should delete the email and not open the attached. You should inform the Customer Services Team of the receipt of such an email.
10.1 If any section of these Terms is deemed unenforceable or invalid, the remainder of these Terms will remain valid.
10.2 No other person than you shall have any rights under these Terms and Conditions and the provisions of the Contracts (Rights of Third Parties) Act 1999 are expressly excluded.
10.3 You may not assign any rights under the Terms and Conditions to any third party.
10.4 Your account is operated in the United Kingdom and these Terms and Conditions shall be governed by and interpreted in accordance with the laws of England and Wales.