Company Officers
In the United Kingdom, every company must have formally appointed company officers at all times. By statute, a private company must have at least one Director and until April 2008 also had to have a Secretary (see Companies Act 2006). The company's articles of association may require more than one director in any case, and frequently do. At least one director must be an individual, not another company.
Anybody can be a director, subject to certain exceptions. A person who is an undischarged bankrupt or who has been banned from being a company director by the court will also be restricted. Nor can a person be a director of a limited company if he or she is unable to consent to their appointment. As of October 2008, all directors must be at least 16 years old. This change was applied retrospectively, with any directors under the age of 16 being removed from the register (Companies Act 2006). This was already the case in Scotland, under the Age of Legal Capacity (Scotland) Act 1991.
No formal qualifications are required to be a company secretary.
Certain non-British nationals are restricted as to what work they may carry out in the UK.
As of October 2008 (Companies Act 2006), it is no longer necessary to obtain a court order to withhold a director's address, as a Service Address can be supplied as well with the residential address being held as protected information at Companies House.
Read more about this topic: Private Company Limited By Shares
Famous quotes containing the words company and/or officers:
“Men with secrets tend to be drawn to each other, not because they want to share what they know but because they need the company of the like-minded, the fellow afflicted.”
—Don Delillo (b. 1926)
“I then went to the Parade. I saw the King. It was a glorious sight.... As a loadstone moves needles, or a storm bows the lofty oaks, did Frederick the Great make the Prussian officers submissive bend as he walked majestic in the midst of them.”
—James Boswell (1740–1795)