Thursday, 7 November 2013

FAQ - What happens if a disqualified director breaches a Director Disqualification Order?


If a person acts in breach of your director disqualification order, the penalties can be severe.

 It can lead to imprisonment for up to 2 years and / or a fine [section 13 of the Company Director Disqualification Act 1986].
 You can be held personally liable for the Company’s debts for the time you acted in breach of the disqualification order [section 15 of the Company Director Disqualification Act 1986].