Directors and Shares

[Mizen]

Is it compulsary that a director own shares in a Private Limited Company or can you be a director without Shares ?

 

[Bill Struth]

Yes you can be a director without shares.

 

[Mizen]

Thank you, that's put my mind at rest.

 

[Purple]

It is worth noting that a director in a private company has more duties/responsibilities than a shareholder.

 

[Padraigb]

Yes you can be a director without shares.

It can vary with the company, depending on what the Articles of Association say.

 

[Purple]

It can vary with the company, depending on what the Articles of Association say.

Yes, good point, but it's not a legal requirement.

 

[mathepac]

It can vary with the company, depending on what the Articles of Association say.

Which is the response I posted in the previous thread and in response to OP's PM.

 

[Mizen]

Thanks all for your wisdom, I was told the replacement director would have to be given shares in order to be a director, I did have my doubts about that being a requirement to be a director.