Company Limited by Guarantee - no. of directors?

[jhonan]

What's the minimum number of Directors required when setting up a Company Limited by Guarantee? - I know for a normal Ltd. co. it's 2, not sure if the same applies to this type of company.

And the minimum number of members? (Google tells me 7)

I'm not quite clear if the directors are counted as members. e.g. Could I have 2 directors and 5 members = 7 ?

Thanks in advance.

 

[WaterSprite]

The minimum number of directors is two.

The minimum number of shareholders depends on whether the company has a share capital (in which case there is no minimum) or if it doesn't have a share capital, in which case it is a public company and the minimum is seven members, which could include the directors if the directors are also members; they wouldn't automatically be assumed to be members merely because of their directorship.

 

[jhonan]

The minimum number of directors is two.

The minimum number of shareholders depends on whether the company has a share capital (in which case there is no minimum) or if it doesn't have a share capital, in which case it is a public company and the minimum is seven members, which could include the directors if the directors are also members; they wouldn't automatically be assumed to be members merely because of their directorship.

Thanks for the reply. No share capital in this case as it's a resident's association. I'm sure I can muster up 2 directors and 7 members... You'd be amazed at how reluctant people are to get involved in anything like this, even if their liability is only €1 ....