8:51 AM, 25th July 2019, About 2 years ago 3
I am a new Director of a Property Management Company (PMC) which has been set up as a Private Ltd Co to manage a block of flats with 90 units. We have been told that all meetings of Directors are informal, no minutes are needed, no voting needs to take place on decisions taken.
Meetings are a free for all basically with one person issuing the instructions to the management company, despite there being 6 Directors.
This does not seem to accord with the 2006 Companies Act regarding private Ltd Co’s. Can anyone confirm if this way of running things is correct.
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