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ACCA Applied Skills · Corporate and Business Law (Global) · Company directors

Zeta Ltd wishes to appoint Ms Okoye as a director. Which of the following is the usual requirement on appointment of a director that Zeta Ltd should comply with?

Zeta Ltd should notify the company registry of the appointment and record Ms Okoye in its register of directors. Registration and record-keeping are the usual statutory formalities, whereas stock exchange licences, bank consent or court confirmation are not required.

  1. ANotify the company registry of the appointment and record her in the register of directorsCorrect
  2. BObtain a licence from the stock exchange
  3. CObtain the consent of the company's bank
  4. DWait for a court to confirm the appointment

Explanation

Companies must keep a register of directors and notify the registrar of new appointments within the prescribed time. A stock exchange licence, bank consent or court confirmation is not a general requirement for appointing a director.

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