Published: 19 October 2020 3:40 pm Author: Oliver Stanley
Director resignation & appointment
A utility company uses Kudocs for its SPV company secretarial work. Recently this included changing the board. Using Kudocs, the company was able to record the resignation of multiple directors and run the appointment process themselves (including some future-dated appointments). Normally this was something they had to get their lawyers to do, and it would take at least a week to get started. The company did it in minutes.
“It was extremely easy and quick to do. The resignation process was pain-free and the appointments very straightforward. The new directors were able to provide the required basic information and confirm their consent to act in a matter of seconds and then the board approved the appointments using electronic voting. The company books and Companies House were updated instantaneously.”