Thursday, 5 December 2013

If you can't overturn a Disqualification Undertaking, why would a person make the application?

A successful application can lead to a person no longer being subject to disqualification

For example, if a person has “served” 7 years of a 9 years disqualification period, that person still has 2 years left to run before he/she can act as a director again. If that person makes a successful application under Section 8A and 2 or more years or more is “knocked off” the original 9 year period– the effect is that the original disqualification has now expired as that person has already served 7 years of the disqualification

However as stated above, it is important to understand that this procedure will not have the effect of the original disqualification never having existed in the first place.