Tuesday, 28 January 2014

How long after being disqualified must a person make an application for permission to remain a director of an existing company?

Basically, once a disqualification order is made (or a person gives an undertaking to be disqualified), he/she has 21 days to resign any current directorships and/or cease being involved in the management of a company. If the person makes an application within 21 days and is granted permission, he/she doesn’t have to resign their directorships or cease to be involved in the management of a company.