company director/ secretary

lattelover_2

a quick question......I'm a company director, which I will have to give up if I go bankrupt, but can I be named as company secretary?

doing a straight switch, she become CD I become CS

thanks Henry

JCS1

No longer a requirement to have a Co Sec, unless the articles of the Company state that there must be one.

debtinfo

Hi Lattelover, you cannot be the company secretary, you also can not be involved in the promotion, formation or management of a ltd company. That means that you cannot just have a director in nam only take over you cannot do any of the duties of running the company

lattelover_2

debtinfo, I must say I have been reading everything I can about ltd companies and bankruptcy and never had I seen the info you have just given, I'm not doubting you but could you say where this info comes from,

thanks henry

So_Sad_Angel

Hiya....this may clarify things for you Henry.

http://www.company-formation-agent.com/html/company_secretary_.html

Angiexx

debtinfo

Hi lattelover, this is the section of the Insolvency service technical manual

25.17 Promotion, formation and management of a company
It is an offence for an undischarged bankrupt to act as a director of, or directly or indirectly take part in or be concerned in the promotion, formation or management of a company, except with the leave of court. URL="http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter25/part1/Part%201%20notes.htm#17"]Note 17[/URL
If a company has adopted Table A as its articles of association, a director is obliged to vacate office if he/she becomes bankrupt or makes any arrangement or composition with his/her creditors generally