Tuesday, 28 January 2014

Can a person remain a sole director of his / her business when seeking permission to remain a director pursuant to Section 17 of the Company Director Disqualification Act 1986?

The answer is no. 

The court will require a co-director of sufficient standing to be appointed – normally a qualified accountant or someone of similar standing. The longer the period of disqualification – the more qualified that person needs to be.