There are two major changes occurring as from 6 April 2008:-
1. It will no longer be necessary for private companies to have a company secretary. For existing companies wishing to dispense with a secretary the company will need to check its Articles of Association which may need to be amended.
2. The execution of deeds can now be undertaken by one director in the presence of a witness who must also sign the document. Companies must consider whether they wish one director to be able to execute deeds. If internal policies state that one director cannot do so , the Company will nevertheless be bound by the terms of any deed signed. Consideration should therefore be given to making it a serious disciplinary offence if a Director does sign alone.
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