What happens with a CLG without minimum required number of Directors?

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AnswerMe

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Can anyone knowledgeable about company law in Ireland advise on what should happen with a publicly-funded CLG charity with one remaining Director ( out of 2 required) and a secretary that is the accountancy firm?
Should it be wound up? It's also imminently insolvent as it's lost its funding.
 
As the remaining director is a nominee of the Department I am sure that he will take legal advice on the issue and proceed appropriately.

Brendan
 
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