How long it takes to remove a director from a limited company

[Craig@Clarity]

I removed them as PSC and Director, do I must need to remove them as a ShareHolder as well...

Not sure how that can be done...

This would be a more difficult task as you can't just snatch them back. You could potentially create and issue new different class of shares in your company.

[Paralytic]

I removed them as PSC and Director, do I must need to remove them as a ShareHolder as well...

Not sure how that can be done...

You can't typically "remove someone as a shareholder". They own the shares independently from any role they had with the Ltd company. She could gift the shares to you.

As always, speak to an accountant; there may be tax implications for anything you do here.

Here's a random link for you: https://www.companywizard.co.uk/blog...-a-shareholder

[testingdeveloper213]

Within 24 hours depending on how quickly CH process the application. With any bank, they will need to verify and complete AML checks on officers of the company and shareholders of more than 5% I think

I removed them as PSC and Director, do I must need to remove them as a ShareHolder as well...

Not sure how that can be done...

[Craig@Clarity]

Within 24 hours depending on how quickly CH process the application. With any bank, they will need to verify and complete AML checks on officers of the company and shareholders of more than 5% I think

[testingdeveloper213]

Open a business account with TIDE with only one person able to access

Job done


Sent from my iPhone using Contractor UK Forum

I tried with Starling, but they are asking for both directors info.

I will try tide now, thanks.

[GhostofTarbera]

Open a business account with TIDE with only one person able to access

Job done


Sent from my iPhone using Contractor UK Forum

[testingdeveloper213]

How long it takes to remove a director from a limited company ?

I opened a limited company with 2 director (myself and my partner)

Now problem is that my wife is waiting for her visa, so when I went for opening bank account, she couldn't provide BRP card.

So now I have to remove her, so want to know how long it will take.

thanks