Anchor Point:Who can be appointed as a Director?Anchor Point:question66. Who can be appointed as a Director?
In general terms there are few restrictions on being a Director and these are covered in the Companies Act and related legislation. Reasons for not being appointed include the age of the Director, bankruptcy and disqualification. The minimum age of a Director is 16 years. Anchor Point: What are the Articles of Association and the Memorandum of Association of a private limited company?Anchor Point:question77. What are the Articles of Association and the Memorandum of Association of a private limited company? The Memorandum of Association just confirms the Subscriber(s)to the company. The Articles of Association sets out the rules for the internal governance of the company, such as voting rights, Annual General Meetings and the proceedings of directors. All ready-made companies are registered with a default nominal capital of £20,000 and with pre-emption rights on the transfer of shares. The nominal capital figures can be removed to give unrestricted capital possibilities. The majority o
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