Hello - below is a screenshot from ARNECC's interactive client authorisation form, taken directly from its website. There is an option for one director only to sign the form in a multi-person company. This suggests it is sufficient for one director to sign the form, and presumably undertake VOI, for the Subscriber to be authorised to complete a transaction. However this is inconsistent with s127 of the Corporations Act that a document may be executed without using a common seal if 2 directors sign the document. Given that two directors must also sign dealings in paper-based transactions, I am not sure when the option for "Multi-person company: One director only signs" is appropriate. Please provide some clarity as to when this option may be used.
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