DIRECTORS
£40
officer of the company; but if a person gives the directors
advice in a professional capacity and they act on that advice,
he will not thereby be deemed to be a director [s. 380 (2)].
The particulars with respect to each director required to be
inserted in this register are ‘ (a) in the case of an individual his
present Christian name and surname, any former Christian
name or surname, his usual residential address, his nationality,
and if that nationality is not the nationality of origin, his
nationality of origin, and his business occupation, if any, or
if he has no business occupation, but holds any other director-
ship or directorships, particulars of that directorship or of
some one of those directorships; and (b) in the case of a
corporation, its corporate name and registered or principal
office.’
The company must within fourteen days from the appoint-
ment of the first directors send to the Registrar a return in the
form prescribed by the Board of Trade containing the above
particulars and must within fourteen days of any change
among the directors or in any of the particulars send to the
Registrar a notification in the form prescribed by the Board of
Trade of such change [s. 144 (2)]. As to the prescribed form,
see Companies (Forms) Order, 1929. A statutory right of
inspecting the register of directors is given to the members
without charge and to any other person on payment of one
shilling [s. 144 (3)].
In this connection it must be remembered that, unless
exempted by order of the Board of Trade, companies registered
after November 22nd, 1916, foreign companies establishing
a place of business in the United Kingdom after that date
and every company licensed under the Moneylenders Act, 1927,
are required to publish in trade catalogues, trade circulars,
show cards and business letters, on or in which the company’s
name appears, and which are issued or sent to any part
of His Majesty’s dominions, the present Christian names
(or initials) and surnames, any former Christian names and
surnames, the nationality if not British, and, if the nationality
is not the nationality of origin, the nationality of origin, of
all directors (s. 145). Initials of existing Christian names are
sufficient, but former Christian names must be set out in full.
The business of a company is usually transacted by the
directors at board meetings, and, unless the articles provide
otherwise, the directors must act together as a board, and
cannot act without meeting [D'Arcy v. Tamar Ry. (1867),
L.R. 2 Ex. 158; Haycraft Gold Reduction Co. (1900), 2 Ch. 230].
[t is therefore now quite usual for the articles of association
to provide that a resolution in writing signed by all the
Board
Meetings.