can you be a director of a limited company

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ron.b

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Post by ron.b » Fri Feb 01, 2008 11:52 pm
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can you be a director of a limited company while using an iva
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MelanieGiles

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Post by MelanieGiles » Sat Feb 02, 2008 1:27 am
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Yes
Regards, Melanie Giles, Insolvency Practitioner
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ianmillington

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Post by ianmillington » Sun Feb 03, 2008 1:10 am
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Just to be on the safe side....

It's not an offence for you to be a director. However, the articles of the company (to be technical the standard table A) are likely to contain a provision that a director is removed if he/she goes into an IVA. Dead easy to fix for a privately owned company by holding an EGM. Might not apply to you but worth checking.

Ian
Last edited by ianmillington on Sun Feb 03, 2008 1:15 am, edited 1 time in total.
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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