Incorporation with one director

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
If a company is incorporated with just one director I believe that you're not able to adopt 'Table A' without modification. Can anyone tell me what modifications are required? Is it quite straightforward?

Jodie

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Incorporation with one director

    Table A specifies the minimum number of directors as being 2.

    Reputable formation agents should provide an amendment for this in the articles of association.

    Appropriate wording would be:

    (a) Unless and until otherwise determined by the Company in General Meeting there shall be no maximum number of Directors and the minimum number of Directors shall be one. Whenever there shall be only one Director of the Company such Director may act alone in exercising all the powers, discretion and authorities vested in the Directors, and Regulation 89 of Table A shall be modified accordingly.

    (b) Regulation 64 of Table A shall not apply to the Company.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Incorporation with one director

    Thanks :)

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