- MYP Portal
As the Management Company is typically formalised as a Residential Management Company or a Right To Manage company, so the Directors must work within a defined structure and framework to ensure compliance.
Directors are responsible, just like any other company Director, to ensure that they act appropriately and govern the Company according to Company Law. Your primary actions are governed by the Memorandum & Articles of Association specific to your Company, and additionally you need to adhere to the standards of reporting and recording laid down by the various Companies Acts. These include:
Failure to act appropriately can lead to the company being struck off, which results in losing control of the management of your property, incurring much cost and inconvenience to rectify the situation.
The Gateway solution provides Directors with all required forms, and a structured support framework within which to operate.