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Company Directors

When a company is incorporated, it is generally up to the decision of the members to appoint the people that they feel would be able to run the company on their behalf. However there are some restrictions that prevent some people becoming company directors.

Company Directors – Restrictions

Companies House state that the following people cannot become company directors, these are:

They must not have been disqualified by any court from acting as company directors (unless they have been granted permission by a court to act as company directors for a particular company).
People who are undischarged bankrupt cannot become company directors (unless they are granted permission by the court)
Anybody under the age of 16 cannot be company directors in Scotland
People over the age of 70 cannot be company directors for a PLC or their subsidiaries (unless they have been specifically approved by a general meeting of the company).

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Company Directors' Responsibility to Companies House

As well as the normal day-to-day managerial duties, company directors also have a personal responsibility to Companies House. They must make sure that all statutory documents are delivered to the Registrar as and when the Act requires them. The following documents must be submitted for filing at Companies House:

Company directors of limited companies must submit their annual accounts
Annual returns
Forms 288a/b/c for notice of change of company directors, secretaries or in their particulars.
Form 287 – change of registered office

It is very important that company directors take personal responsibility for making sure that the above documents are submitted on time – failure to do so will result in a penalty fine of up to £5000.

The above shows that there is much responsibility towards the company in being company directors.

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