Companies Act 2014 section 1257

Directors

Section 1257 sets out the minimum number of directors required for an unlimited company and confirms that sole director provisions do not apply to such companies.

• An unlimited company must have a minimum of two directors at all times.
• This requirement follows the CLRG recommendation that all company types except the new model private company (LTD) should retain a two-director minimum.
• Provisions in Parts 1 to 14 of the Act that deal with sole director companies do not apply to unlimited companies.
• Even if unforeseen circumstances reduce an unlimited company to one director, the sole director provisions available to other company types cannot be relied upon.