Ltd Co. Can director be Company Secretary?
Discussion
billb said:
quick question 2 does the company sec have to do anything / are they liable for anything?
Quick Answer: Yes.http://www.companieshouse.gov.uk/about/gbhtml/gba1...
Under current law, a company directort can be the company secretary as well. BUT, if there is only one director in the company, that person CANNOT be the secretary as well. Someone else needs to be found.
However, the Companies Act 2006 will allow the position of secretary to be abolisherd. All companies being set up under the new rules will automatically not have this position as part of the initial set up. Already existing companies will need to pass a special resolution allowing the position of sectretary to be disnsed with. As long as the Memorandum and Articles of the company still require a company srecretary, than that post will be required for that company.
However, the Companies Act 2006 will allow the position of secretary to be abolisherd. All companies being set up under the new rules will automatically not have this position as part of the initial set up. Already existing companies will need to pass a special resolution allowing the position of sectretary to be disnsed with. As long as the Memorandum and Articles of the company still require a company srecretary, than that post will be required for that company.
Eric Mc said:
Under current law, a company directort can be the company secretary as well. BUT, if there is only one director in the company, that person CANNOT be the secretary as well. Someone else needs to be found.
However, the Companies Act 2006 will allow the position of secretary to be abolisherd. All companies being set up under the new rules will automatically not have this position as part of the initial set up. Already existing companies will need to pass a special resolution allowing the position of sectretary to be disnsed with. As long as the Memorandum and Articles of the company still require a company srecretary, than that post will be required for that company.
just to confirm does that mean if i set up a ltd company now then I dont need a comp sec?However, the Companies Act 2006 will allow the position of secretary to be abolisherd. All companies being set up under the new rules will automatically not have this position as part of the initial set up. Already existing companies will need to pass a special resolution allowing the position of sectretary to be disnsed with. As long as the Memorandum and Articles of the company still require a company srecretary, than that post will be required for that company.
Thanks
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