PLEASE CAN SOMEONE TELL ME HOW LONG IT TAKES TO GET YOUR NAME REMOVED FROM COMPANIES HOUSE ONCE THE FORMS BEEN FILLED IN TO DO IT, AND ARE YOU AS A DIRECTOR ENTITLED TO FULL PAY UNTILL THIS IS DONE?
2006-09-15 22:42:01 · 6 answers · asked by bekkibex 3 in Business & Finance ➔ Careers & Employment
I don't know how long it will take companies house to reflest it, but the moment that someone resigns or is legitamtley removed as a director in accordance with the companies rules, they stop being a director.
Pay is dependent on the contract of employment not the status as a director, but usually, they would both cease at the same time.
2006-09-15 22:45:52 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The moment you resign as a Director (in writing) you no longer are part of the board on that company,and as such are not entitled to any form of payments (apart from any pension) from that company.
The only exception to this rule is if you are entitled to what is known as a golden handshake which I am sure I do not have to explain.
As far as companies house is concerned they must see your resignation letter along with confirmation from the company confirming your resignation, then they will possible take your name off the company formation details,however they may wait until the company has its A.G.M, this is a grey area and it may be worth you contacting Companies House for clarification
2006-09-15 23:14:37 · answer #2 · answered by mentor 5 · 0⤊ 0⤋
Once the company accepts your application of resignation as a director, you cease to be a director.
Payment as a director will also cease on the day of acceptance of resignation, unless provided otherwise by the contract.
2006-09-15 22:53:37 · answer #3 · answered by happy_uttam 2 · 0⤊ 0⤋
You can also download annual reports from the companies house website, but you have to pay for them and I dont think it breaks down directors salaries.So not much help
2016-03-27 03:47:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Not sure, but i think your personal details will always stay on file. As a detailed credit search done on a ltd company always brings up previous directors. So i think your name will always remain in some respects.
2006-09-16 00:21:40 · answer #5 · answered by bambam 5 · 0⤊ 0⤋
Speak to Companies House to see how long it takes them to remove the name once they receive the paperwork. As far as pay goes, it is likely any other job - you stop getting paid the moment you stop working (subject to any contractual agreement and legal obligations).
2006-09-16 05:14:43 · answer #6 · answered by Penfold 6 · 0⤊ 0⤋