Can anyone be a director or secretary in my company?
- There are rules governing who can act as a director or secretary of a company.
- Because these company officers have a duty to manage the company for the benefit of the shareholders there are certain standards that must be complied with.
- Generally speaking you cannot be a director if you:
- are an undischarged bankrupt,
- are subject to personal insolvency agreements or
- have been convicted of an offence such as fraud, theft, breach of director duties or insolvent trading.
- Some exceptions may be made if you obtain court consent but this will only be in special circumstances.
Read some more FAQS from our Company section