ABIBLO LAW - COMPANY (2-6)
Company is an artificial person.
Company requires an agent to act.
Under s154 Company Act 2006, every private company must have minimum of one director and every public company must have minimum two directors.
At least one director must be a natural person.
A corporate director cannot be the sole director.
S250 Companies Act 2006 provided that director indicates any person carrying out the role of director by whatever term described which include shadow director.
The Companies Act 2006 does not indicate that companies should be managed by the directors.But Article 3 of model Articles for private and public companies limited by share indicating that subject to the Article, the directors have the responsibility to manage the business for which they may exert all the company's power.
Company need to keep a register of directors and the Company Secretary ( if possible) at the registered office and need to notify for any changes to the Registrar of Companies within 14 days.
The UK Corporate Governance Code (2012) requires that the company should be headed by effective board of directors who collectively responsible for the long term success of the company.
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