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Hi, companies can now be appointed as directors of other companies. Right? I was aware of this but my kit says that non-natural persons can not be directors of other companies so now I’m confused on what piece of information to rely on.
Here’s an extract from the webpage
“Any person may be a director except the following:
any person under 16 years of age;
an undischarged bankrupt or person subject to a bankruptcy restrictions order;
a person subject to a disqualification order or who has given a disqualification undertaking; or
a person who is the company’s auditor (if any).
A private company must have at least one director. At least one director must be a natural person (as opposed to another company, known as a “corporate director”)”
Does that answer you?
Oh okay, so one must be a natural person and the other can be a non-natural person. Meaning private companies cannot have corporate directors
Now why have you said “Meaning private companies cannot have corporate directors”
Are you thinking that private companies can have only one director? That’s nonsense!
There is no limit on the number of directors that can be appointed to the board of a private company
Are you confused?
That makes sense, sorry I didn’t really think about that haha. Yes I believe I’ve confused myself.
Too true! Better to sort it out now rather than next week!