Anyone with more than 25% of shares in the company is automatically a PSC. If you are the sole shareholder, you must select yourself as the following:
- Director
- Shareholder
- PSC
In the event that you have 4 or more shareholders (each with 25% of shares or less), the situation will arise where you will not necessarily have an automatic PSC. You can leave the application like this; however, it may be worth considering that some agencies, e.g. banks, may require you to have a PSC.
You can appoint an officer who does not have more than 25% of shares as a PSC, under the condition that they have 'Other significant influence or control' in the company.
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