The following Corporate Q&A provides comprehensive and up to date legal information covering:
This Q&A considers whether a director of a company that has had its application for strike off published in the Gazette can resign as director.
CA 2006, s 154 provides that, at a minimum:
a public company must, at all times, have two directors, and
a private company must, at all times, have one director
This means that:
in case of a public company with only two directors, a new director of the company must be appointed before either one of them can leave office, and
in the case of a private company with only one director, a new director of the company must be appointed before that sole director can leave office
If a company finds itself with no directors it will be in breach of the CA 2006 and could be directed to appoint directors by the Secretary of State. It is for the shareholders to rectify the situation if a company has no directors. They may appoint a new director in a general meeting of the company. Such a g
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