A private restricted company must have not less than one director and so they can also be a shareholder. If a person has been disqualified from acting as a limited company director, are an undischarged bankrupt or are less than 16 years old they cannot assume this role. Directors of restricted firms are responsible for notifying Corporations House of any adjustments to the structure and administration of the corporate. Firm administrators are additionally staff of the corporate and should pay income tax and Class 1 National Insurance coverage contributions.
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