I am aware of the rules which state:
"In some existing developments, directors appointed by the developer are entitled to remain as directors for life. This is no longer possible since 1 April 2011 and directors in place on 1 April 2011 must cease to be directors by 1 April 2014 at the latest. All new directors will be limited to a term of 3 years".
In the small development where I am one of the Directors, I would like to carry on beyond 3 years and would have the backing of the others in this regard. So do I resign and apply again or is it not legally possible at all?
Thanks