Welcome to Incorpro's Company Secretarial Library where we provide jargon-free, easy to understand answers to the most frequently asked questions we receive from our clients.
FILTER BY POPULAR TOPICS
In determining whether someone is allowed to act as a company director it is helpful to look at those who are prohibited from doing so:
Before consenting to act as a company director it is important to understand the responsibilities attached to the role.
When the directors of a company are appointed, they must sign a statement consenting to act as a director and acknowledging the legal duties and obligations associated with the role.
In addition to certain statutory duties imposed on directors by the Companies Act 2014, the Act explicitly notes 8 fiduciary duties owed by directors to the company.
The situation occasionally arises whereby a Director's resignation is not communicated to the CRO. In this instance there is a mechanism in place that allows the resigning director to notify the CRO of their resignation themselves (as opposed to notification of the resignation by a current officer of the company).
Hi there 👋
How can I help you today?